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IRS Form SS-8

If you’re hiring independent contractors, make sure they’re properly handled

Leave a Comment / Employee Benefits, Employee Tax Audit, Employees, Form 1099-NEC, Independent Contractors, Small Business, Small Business Tax Tips / By

Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. The question of whether …

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Help ensure the IRS doesn’t reclassify independent contractors as employees

Employees, Federal Income Tax, Independent Contractors, Internal Revenue Service (IRS), Payroll Tax, Small Business / By

Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be a costly error. It can be complex to determine whether a worker is an independent contractor or an …

Help ensure the IRS doesn’t reclassify independent contractors as employees Read More »

Hiring independent contractors? Make sure they’re properly classified

(CARES ACT), Coronavirus Aid (CARES Act), COVID-19, Employees, Employment Tax, Federal Income Tax, Form 1099-Misc, Independent Contractors, Internal Revenue Service (IRS) / By

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. The question of whether a worker is an …

Hiring independent contractors? Make sure they’re properly classified Read More »

Employee vs. independent contractor: How should you handle worker classification?

Employees, Federal Income Tax, Federal Taxes, Independent Contractors, Medicare Taxes, Small Business / By

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations. Why it matters. When your business …

Employee vs. independent contractor: How should you handle worker classification? Read More »

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