Hi Samantha, The recordkeeping and reporting to the IRS is very different when you have employees instead of independent contractors. Whey you have employees you need to do payroll, or have a payroll service, that will 1) issue the paycheck and have the withholdings submitted to the IRS and state agency if applicable, 2) submit quarterly payroll reports, 3) submit annual payroll reports, 4) issue Form W-2 to the employees.
You will want to use an accounting system that handles payroll too, or you will need to use a payroll service provider.
If you are self employed, here is a great resource for self employed individuals and includes self employed individuals with employees.
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
I hope this is helpful!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
