For decades, a cloud of risk has surrounded the use of independent ("1099") contractors and single-person corporations. While the advantages of a flexible workforce drive businesses everywhere to rely on professional independent contractors, poorly managed engagement practices open the door to serious risks—and overwhelming damages.
In this valuable guide, you will learn more about reclassification risks and risk mitigation solutions for 1099s vs W2s.
Need to know information for any individuals or companies hoping to engage independent professionals in the 21st Century.
MBO Partners developed a calculator that quantifies what we can: the IRS component of the risk. Our legal team scoured the IRS code and assembled the possible penalties into a single easy-to-use calculator.