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June 24, 2008 | 12:00 PM ET
The Dark Side of the Moon: Do You Really Know Your Contract Workforce?
The use of contract workers has grown fivefold since the 1980's, and nearly four out of five employers hire contractual help. The implications of the contingent work force have taken a radical turn in the past decade. The globalization and flattening of the world economy, the aging of the US workforce, and the demand for increased flexibility and mobility-these are only several of the factors driving the changes in CWM. Join us for this fascinating HCI webcast that will examine who your contract workers are-both today and in the future. We'll examine what drives the contingent worker, and how you can best capitalize your ROI. Presented by Dana Shaw of Staffing Industry Analysts.
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Tag: 1099
1099 Risk Blog
New Hampshire Added To List of States Cracking Down on Contractor Misclassification
New Hampshire can now be added to the list of states (including CA, NY, and MA), putting together special task force initiatives to crack down on improper contractor classification.
As reported in today's Nashua Telegraph:
"Labor Commissioner George Copadis said Wednesday his department has received enough complaints about the practice that it is has teamed up with four other state agencies, including the attorney general’s office and the Department of Revenue, to look in to how big the problem really is.
NH, New Hampshire, state, enforcement, 1099, classification, reclassification, misclassification, contractors, employees, worker's compensation
State Enforcement
Rep. McDermott introduces new worker classification legislation
Turning up the heat:
Proper classification of contractors and employees continues to hit the headlines on a regular basis, and the latest news is the release of yet another legislative effort to eliminate worker misclassification and help state and federal tax agencies recover more revenues without raising taxes. Representatives McDermott, Tierney, and Neal introduced The Taxpayer Responsibility, Accountability, and Consistency Act in session yesterday. Adding fuel to the fire, the labor Unions have issued a variety of press releases today praising the measure. The Unions argue that misclassification as contractors prevents workers from being able to join and therefore infringes on their right to organize.
Granted that this is an election year and a variety of powerful lobbies (and not just the unions) are interested in passing this kind of legislation, interest and pressure in the topic of worker classification will only increase in the coming months.
We'll be adding this bill to our Legislation Tracker page as soon as it becomes available on GovTrack, so stay tuned to these pages!
risk, 1099, Tierney, Neal, McDermott, independent contractors, legislation, reclassification, misclassification, worker
Legislation
White Paper: Assessing and Managing Risk
Download this MBO White Paper on Assessing and Managing Risk in Contingent Workforce Management.
Up to date analysis and best practices for engaging 1099s and independent consultants, freelancers, small services suppliers, and so on. Avoid IRS reclassification of contractors to employees.
white paper, mbo partners, assessing risk, managing risk, contingent workforce, management, mitigation, 1099, contractor compliance, coemployment, payroll, defined benefits
Papers
Fedex Owes $319 million
IRS says Fedex owes $319 mln
in back taxes: filing
Reuters
Friday, December 21, 2007; 9:30 PM
LOS ANGELES (Reuters) - Fedex Corp (FDX.N)
said on Friday that the U.S. Internal Revenue
Service found that its FedEx Ground independent
contractors should be reclassified as employees
for tax purposes and that the company faced
related taxes and penalties of more than $319
million for 2002.
IRS, misclassification, reclassification, back taxes, contractors, 1099, risk, coemployment, defined benefits , plan, ic's, fedex, drivers
IRS Enforcement
