Misclassification and Compliance
Worker misclassification is a complex topic that does not have a straightforward solution. Often, misclassification can be unintentional because businesses simply do not have a full understanding of the laws regarding how to classify their workers, but it can also be done intentionally to reduce labor costs or avoid payroll taxes. Regardless of why misclassification…
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The independent workforce is a different pool of talent than traditional employees. In order to successfully attract, retain, and re-engage independent workers, companies must focus on building a recruiting strategy that is specifically designed to meet the needs of this group of talent. How Independent Contractors Work ‘Independent contractor’ is a legal term for workers…
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It’s not uncommon to experience some nervousness when engaging an independent professional for the first time. Whether you have fears about the quality of the final product, what it’ll cost, or productive use of time and resources, it can be hard to trust someone you’ve never worked with before. The Benefits of Independent Talent Luckily,…
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As the independent workforce continues to grow, so do the issues of worker compliance and misclassification. It is important for enterprises to remain informed about the latest laws, regulations, and developments surrounding these topics. Each month, we’ll bring you the latest news stories from around the web. 1. California Bans Mandatory Employment Arbitration Agreements The…
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Co-employment is an arrangement where two companies both have rights and obligations as an employer. Learn the complex risks and benefits of co-employment and best practices independent contractor engagement.
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Even if you’ve done everything you can to minimize the risk of a misclassification audit, you may find yourself with an IRS audit letter. So, now what? Because audits can result in large fines, negative press, back-tax payments, and even class-action lawsuits, the prospect of going through one can be scary. But with the right…
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By 2027, we predict that more than 40 million Americans will be independent, or will have worked independently. This growing trend of independent work is not only a valuable source of talent for businesses, but its proliferation has also made it easier for businesses to compliantly engage independent workers with minimal risk. Despite these positive…
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The modern workforce is composed of a variety of workers including full-time employees, temporary workers who may fill seasonal or short-term needs, and contingent workers such as freelancers, independent contractors, or consultants. This diversity of workers gives businesses many benefits including workforce flexibility, access to certain skills on-demand, and the ability to form ready-made teams…
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As the 41-million-strong independent workforce continues to grow, so does the issue of employee misclassification. The IRS estimates that millions of workers have been misclassified, and according to state-level studies, 10-20% of employers misclassify at least one worker as an independent contractor. While some misclassification is unintentional due to lack of understanding about laws regarding worker classification, sometimes it is…
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The differences between 1099 and W-2 tax forms, and considerations to take into account when making hiring decisions for your organization.
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