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Tag: employment tax

Hiring Independent Contractors? Make Sure They’re Properly Classified

Posted on by Andrew Litchford

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. The question of whether a worker is an

Employees vs. Independent Contractors: How Should you Handle Worker Classification?

Posted on by Andrew Litchford

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations.