Onboard and Manage contractors
How to pay contractors
Sending 1099s to contractors
If your contractor is onboarded and paid via Collective payroll, and outside payments are recorded in Collective payroll before December 30th, then Collective will issue 1099-NEC to your contractors before January 31 of the following year.
Frequently Asked Questions
International Contractors
At this moment Collective payroll doesn't support international payments. Only US-based contractors. Please use other 3rd party platforms (wise, paypal, veem).
Payment Speed
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Contractor payments are processed on a 4 business day direct deposit schedule.
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Business day ends at 4pm PST. Please plan accordingly.
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If the withdrawal date or deposit date fall on a weekend or holiday, it increases the transit time.
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You must pick your Deposit Date and work backwards to plan to have enough money on the Withdrawal Date.
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.