Employee or Independent Contractor: Avoid Misclassification Penalties

Having trouble seeing this email? View Web Version Executive Business Briefings 30% of Companies Misclassify Workers: New Report Clears Up Confusion , The IRS has changed the test companies use to identify independent contractors – and that could mean big trouble. The problem: Many companies are unaware of the changes and are still using the older guidelines. Following the latest guidelines can help you avoid an audit – or help you pass one should the IRS or DOL come calling. This report includes what you need to know about the latest IRS and DOL independent contractor tests and how to properly classify your workforce. "Independent Contractors: Can You Pass IRS or DOL Audit of Misclassified Workers?" Correctly Classify Employees and Independent Contractors 30% of employers misclassify workers: Are you one of them? So what's misclassification cost? Penalties soar into the millions IRS' three-prong test to determine employee classification: How it works Telltale signs you may be guilty of misclassification: Red flags auditors are looking for Test your knowledge: 10 scenarios to help sharpen your classification skills Learn More Executive Business Briefings help time-pressed supervisors and managers hone and polish critical business skills in under an hour. Fast-read, actionable, and packed with invaluable strategies, these timely reports help executives and managers improve the performance of their organizations. Best regards, Executive Business Briefings One Lincoln Centre 18W140 Butterfield Road 15th Floor Oakbrook Terrace, IL 60181 1-800-764-0680 If you do not wish to receive messages from Executive Business Briefings, please unsubscribe. Please do not reply directly to this e-mail, as we are unable to process it. We sent this using a "send-only" address.