The 2011 Budget for the Department of Labor included an additional $25 million to target the misclassification of workers as independent contractors. This funded an additional 100 enforcement personnel and some state grants to fund enforcement actions and will bring in an estimated $7,000 million in recovered taxes over the next 10 years.
Misclassification of workers can lead to many tax, benefit, and other problems for a business. In view of the additional governmental efforts to investigate in this area, businesses should be prepared for these investigations, and may wish to preliminarily assess their own situations.
Join Morris, Manning & Martin Partner Bruce Wynn to learn more about how misclassification of contractors and employees can affect your business. The webinar covered:
- The importance of of proper classification of workers as employees or independent contractor service providers and the effects of misclassification
- Recent state and federal legislation affecting classification of workers
- The latest IRS trends in analyzing worker classification
- Worker classification issues with respect to employee leasing arrangements and professional employer organizations (PEO's)
- What gets businesses into trouble and how to avoid or mitigate the issues
You must register to view a recording of the webinar. Please click on the link to the left to view the recording.
