Misclassification & Compliance

independent contractor engagement

4 Things Companies Should Know About Contingent Workforce Compliance

By MBO Partners

Remain both legally compliant and competitive among peers by understanding how to properly work with independent contractors.

Read More...
misclassification and compliance news

Independent Contractor Misclassification and Compliance News September 2022

By Nathan Gibson

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. Federal Trade Commission Announces It Will Protect…

Read More...
consultants working

Hiring Independent Contractors: 5 Risks to Avoid

By MBO Partners

Hiring independent contractors can be risky if you don’t have a plan in place to properly manage compliance and business requirements. More companies are looking to hire independent contractors because they are a valuable source of talent for businesses. The growth of the independent workforce has also made it easier for businesses to compliantly engage…

Read More...
consultant

3 Benefits to Creating a Contractor Compliance Program

By MBO Partners

Compliance programs minimize an organization’s exposure to misclassification liability when engaging independent contractors. Learn three key benefits a compliance program can offer your organization.

Read More...
consultant laptop

Calculate Your Worker Misclassification Risk

By MBO Partners

Why a Risk Assessment is Important Discussion of independent contractor misclassification seems to be everywhere nowadays. And while most now acknowledge that threat of reclassification is real and growing, most businesses don’t know how to quantify this risk. This isn’t surprising. IC reclassification penalties are highly variable and may rise and fall at the discretion of…

Read More...
consultant tips

How Worker Misclassification Impacts Independent Contractors

By MBO Partners

As the 64.6 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, 10-30% of employers misclassify their employees as independent contractors. While some misclassification is unintentional due to lack of understanding about laws regarding worker classification, sometimes it is done…

Read More...
happy consultant

Should I Hire a 1099 Contractor or W2 Employee? 6 Questions to Ask

By MBO Partners

By engaging independent contractors, organizations can realize many benefits—from significant financial savings and staffing flexibility, to access to specialized skills and expertise. Independent talent can be a great way to test out new services, lay the foundation for a new business unit, or implement a new technology system. But in order to avoid risk, ensure…

Read More...
independent contractor engagement

Hiring 1099 vs W2 Employee: Pros and Cons

By MBO Partners

The differences between 1099 and W-2 tax forms, and considerations to take into account when making hiring decisions for your organization.

Read More...
misclassification and compliance news

Independent Contractor Misclassification and Compliance News August 2022

By Nathan Gibson

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. New Jersey Supreme Court Says forming an…

Read More...
consultants talking

What Does Independent Contractor Compliance Mean?

By MBO Partners

When engaging independent contractors, businesses must abide by laws and regulations specific to these workers. Learn the importance of independent contractor compliance, and how to minimize risk for your company.

Read More...