Tag Archive | "tax statements"

Legal Issues With Paying Commissions?


Hello, I’m starting a new business. One of the major aspects of my business would involve using online affiliate marketers. I was wondering what the tax implications of this would be such as: would I need to send out W2’s to all marketers? Also, if this would be something I need to do, do you know if it is difficult to file this (especially if I’m on a low budget and do not have a team of lawyers to help me with this)? How difficult and how much legal knowledge does it require to set up a system to send out annual tax statements?
My business is based off of having many affiliates working for me and probably working very little (some affiliates only making $5-$10 per year because the effort of marketers if very little and would take them less than 2 minutes. Considering the expectation of many affiliates at low commissions, how would sending out tax returns hurt my bottom line?
Thank you for any and all advice you can give.

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