When you hire through the Go4 platform, you no longer have to deal with issuing 1099s to per diem staff.
Go4 partners with Stripe, and as a Payment Settlement Entity under IRS rules, Stripe and Go4 handle the issuance of 1099s to the healthcare professionals that work on our platform.
What’s a Payment Settlement Entity?
Here is the IRS definition:
A payment settlement entity (PSE) must file Form 1099-K, Payment Card, and Third Party Network Transactions, for payments made in settlement of reportable payment transactions for each calendar year. A PSE makes a payment in settlement of a reportable payment transaction, that is, any payment card or third-party network transaction if the PSE submits the instruction to transfer funds to the account of the participating payee to settle the reportable payment transaction.