As businesses move into the project economy, proper use of ICs is critical. If you suspect that your business may be using independent contractor engagement practices that heighten your risk profile, you need to arm yourself with an understanding of what today's most forward-looking companies are doing to reduce their 1099 compliance risk. This guide discusses ten best practices for mitigating or even eliminating risks associated with engaging independent talent.
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.