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An IRS audit claiming you misclassified workers as independent contractors rather than employees can be frustrating and expensive to resolve. But recent changes in IRS procedures for handling independent contractor classification problems may take some of the sting out of dealing with the government. New Rules For Independent Contractor Disputes Under the prior rules, if […]
If your company pays more than $50,000 in annual payroll taxes, you must start paying electronically by July 1 or incur steep penalties. The IRS says about 230,000 employers nationwide are not yet prepared. You can use a commercial payroll service or one of the two deposit options offered by the IRS: 1) making […]
The problem can surface without warning. A former independent contractor applies for unemployment benefits, but the state can’t find any record that the person was on your payroll or that you paid unemployment taxes. Before you know it, you’re being audited and facing huge penalties for all the workers you may have misclassified as independent […]