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Because there is risk associated with hiring independent contractors, preparation is key. Often, misclassification can be unintentional because businesses simply do not have a full understanding of the laws regarding how to classify their workers. However, it can also be done intentionally to reduce labor costs or avoid payroll taxes. Regardless of why misclassification occurs, it…
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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…
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Writing a client report is essential for communicating your progress on a project and managing and building positive relationships with clients. What is a Client Report? Client reports help you and your client measure progress, identify any barriers or issues, and ensure that you are working toward the same goals. Your written client report could…
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Learn the critical components to creating a Scope of Work (SOW) document to properly plan and manage your projects.
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IR35 refers to a set of UK legislation designed to combat tax avoidance by independent contractors and the businesses that engage them. This shifts the responsibility of worker classification, as well as the associated risks, to the businesses. Despite widespread negative industry feedback, IR35 changes will go into effect in the Private Sector in April…
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