FinanceRegs.com » tag » Independent contractors

Common error may soon have much stiffer penalty


November 13, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Hiring & training staff, IRS regs, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

A new bill would clamp down on employee classification errors — and hike the fines as high as $10k.

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Worker classification error costs another 9 mil


November 6, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Hiring & training staff, IRS regs, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

It’s an often over-looked area of compliance, but misclassified employees can cost your company big time.

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Employee classification error? How to prove you deserve tax relief


October 27, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Hiring & training staff, In this week's e-newsletter, Latest news & views, Tax compliance

A company getting mercy from IRS over back employment taxes isn’t an urban legend. Here’s proof: 

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Will IRS’ honor program work?


September 22, 2008 by Carol Katarsky
Posted in: 1099s, Communication, IRS regs, In this week's e-newsletter, Latest news & views, Tax compliance

Forgive us if we’re skeptical of the feds’ latest ploy to get more independent contractors to actually report and pay all of their taxes.

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Common Accounting boo-boo about to hurt a lot more


August 1, 2008 by Carol Katarsky
Posted in: 1099s, DOL, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

We don’t like to admit it, but even the most-organized department makes the occasional mistake. Expect it to feel a lot worse if this common error slips past your controls.

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Now states are auditing worker misclassifications


July 8, 2008 by Carol Katarsky
Posted in: 1099s, DOL, IRS regs, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

It’s more important than ever to ensure your company’s employee/independent contractor (IC) classifications are bulletproof.

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Congress takes aim at how you make payments


July 2, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Hiring & training staff, IRS regs, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

Do any of your payments to independent contractors qualify as a “prohibited act?”

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Changes ahead: Who gets a W-2, 1099


May 30, 2008 by Carol Katarsky
Posted in: 1099s, DOL, Hiring & training staff, IRS regs, In this week's e-newsletter, Latest news & views, Tax compliance

Those vendors that A/P has been paying — are they actually employees?

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Summer staffing requires extra care to avoid this tax snafu


May 23, 2008 by Carol Katarsky
Posted in: Communication, Hiring & training staff, IRS regs, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

With summer’s arrival, your company probably also has its share of interns, temps and assorted part-timers. And each comes with potential tax implications.

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