Risk Mitigation

Independent Contractor Classification: How to Stay Compliant

Independent Contractor Classification: How to Stay Compliant

By MBO Partners

Updating policies and practices to compliantly engage independent contractors is a major shift many large organizations are going through. Worker misclassification is a serious issue—if a company classifies a worker as an independent contractor when they should really be classified as an employee in the eyes of the law, they are liable for fines, penalties,…

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What is Co-Employment: 4 Ways to Avoid Co-Employment Risk

By MBO Partners

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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3 Strategies to Reduce Contractor Misclassification Risk

By MBO Partners

Worker misclassification  is important to keep in mind if your business is currently using or considering using independent contractors. Managing contingent workers is quite different from maintaining a workforce of traditional employees. Specific rules, laws, and tests apply. Treating an independent contractor as an employee can result in costly legal consequences. Knowing how to reduce…

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Independent Contractor Misclassification and Compliance News June, 2018

3 Best Practices for Independent Contractor Engagement

By MBO Partners

Improve independent contractor program adoption, increase talent retention rates, and mitigate misclassification risk with these three best practices for independent contractor engagement.

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4 Strategies to Reduce Misclassification

4 Strategies to Reduce Misclassification Risk

By MBO Partners

Today, independent work is part of the normal career portfolio and organizations are increasingly looking for ways to incorporate independent professional talent into their overall workforce strategy. Independents have a lot to offer, and with the right engagement program, they can help an organization thrive. Here are four important strategies to keep in mind if…

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4 Steps to Take in a Worker Classification Audit

By MBO Partners

Any business that engages independent talent will take precautions to minimize the risk of worker misclassification, but if you do find yourself with an IRS audit letter what do you do? 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….

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Should I Hire a Contractor or Employee 6 Questions to Ask

Should I Hire a Contractor or 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…

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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.

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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.

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15 Ways to Avoid a Worker Misclassification Audit

15 Ways to Avoid a Worker Misclassification Audit

By MBO Partners

Misclassifying employees as independent contractors may often seem like a far-off concept—something that only happens to very large companies that you read about in the news. After all, does the government really care about the details of how a small business engages freelance writers for website copy? The truth is, because audits are private, you…

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