Employee or Independent Contractor
OVERVIEW As a business owner, you are responsible for classifying thepeople providing services to you and your clients, and to remit employment taxes to the IRS on behalf of all employees. Classifying workers as independent contractors simplifies your payroll process and can save business owners money. WHY SHOULD YOU ATTEND Misclassification of workers is a serious problem that can have severe consequences for business owners. Workers that feel they have been misclassified are able to file a tax form to notify the IRS of the discrepancy and you can be held liable for the taxes and related penalties! Form 1099,940,941 Taxes Training AREAS COVERED Determining Business Relationship – What Type of Workers Do I Have? Control and Independence Factors – Who Controls the Work or Product? Supporting Evidence – How Do I Document Classification? Associated Forms – SS-8, 1099, 940, 941 Consequences and Penalties Independent Contractor, Common Law Employee, Statuto...