An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three categories of evidence to determine if someone is an independent contractor or ...
Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...
Following multiple delays, and after ongoing litigation stalled its previous rulemaking attempts, the U.S. Department of Labor issued its long-anticipated independent contractor final rule on Tuesday, ...
Question: I have an employee that wants to convert to being paid as an independent contractor. I understand I can save money on payroll taxes and employee benefits if I agree to the change. Even ...
Before your business hires workers, you have a big decision to make: Will they be classified as employees or independent contractors? Here are some factors to consider from a business perspective and ...
It is illegal to knowingly classify an employee as an independent contractor in order to avoid Affirmative Action recruitment efforts, and/or to avoid payments such as employment taxes and fringe ...
Complete this form when engaging the services of an independent contractor. The form must be signed by the independent contractor and principal investigator, and attached to the purchase requisition.
Engaging independent contractors has many benefits for companies, but misclassifying these employees can pose significant financial risk. Companies and their counsel should stay up to date on the ...
Whether a company is a start-up, in growth mode, or looking to hire out-of-state workers, it may face a dilemma about whether to bring on a new worker as an employee or independent contractor. That ...