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Worker Classification Issues

Worker misclassification can carry serious consequences

Leave a Comment / Independent Contractors, Small Business, Small Business Owners, Small Business Tips, U.S. Department of Labor /

Hiring independent contractors provides your business with valuable flexibility, particularly when you require specialized expertise or help with a short-term project. But calling someone an independent contractor doesn’t automatically make them one. Worker status depends on your actual working relationship. And getting it wrong can expose your business to tax liabilities and other consequences. What’s

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Hiring independent contractors? Make sure you’re doing it right

Employees, Employment Tax, Federal Income Tax Filing, Independent Contractors, Small Business, Small Business Owners /

Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as independent contractors can result in expensive consequences if the IRS steps in and reclassifies them. It could lead

Hiring independent contractors? Make sure you’re doing it right Read More »

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

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

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

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