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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: risk
1099 Risk Blog
Michigan and Maryland Eye Misclassification
Michigan and Maryland are joining other states in bringing increased scrutiny at the local level toward the classification of workers as either contractors or employees. The employee misclassification debate is now heating up across the country, with most agencies now labeling misclassification as a pervasive form of tax evasion.
2008 is the year for businesses to come to terms with the fact that agencies at every level -- local, state, and federal -- are looking to recoup lost payroll tax revenue. They are awake, they are sharing information, and they are considering it well worth their effort to go after it.
contractor classification, employee or contractor, michigan, maryland, state, enforcement, risk
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
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
