Is Your Worker a Contractor or an Employee?

By Dana McGuffin | October 6, 2017 | Comments Off on Is Your Worker a Contractor or an Employee?

Is a worker an independent contractor or an employee? This seemingly simple question is often the contentious subject of numerous IRS audits. As an employer, getting this wrong could cost you plenty in the way of Social Security, Medicare and other employment-related taxes. Here is what you need to know. As the worker: If you…

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Independent Contractor or Employee – The Distinction Matters to the IRS

By Dana McGuffin | November 13, 2015 | Comments Off on Independent Contractor or Employee – The Distinction Matters to the IRS

If you’re a business owner, you have financial incentive to want to classify workers as independent contractors rather than as employees. For example, you’re required to withhold and pay taxes on employee wages, and you may need to offer employee benefits such as paid time off and pension contributions. None of these are required with…

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