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Independent Contractor or Employee? How to Avoid Misclassifying Your Workers

  • Training Type Recorded Webinar
  • Presenter Mark Schwartz
  • Topic Human Resources
  • Schedule Feb 22, 2024
  • Timing 1:00 PM EST
  • Duration 75 minutes
Registration Options
Recording $229
Transcript $229
DVD $249
Recording & Transcript $399
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Description

Misclassifying workers is one of the costliest mistakes in all of personnel management. Even as the cost of employing workers rises, facing an audit of workers you put on 1099 can mean an expensive payroll tax assessment – one that often ends in bankruptcy. Although the IRS has remained relatively consistent in its evaluation of working relationships, many states are forcing more and more workers to be put on the payroll.

What makes an independent contractor? Most of the answer is in that title itself. To establish that a worker is not an employee, you must show independence in the working relationship. That is, what factors (pay, tools and equipment, work hours, manner and means of performing services, etc,) does the worker have some or all control over? Then you need to consider the contract under which the worker and the business are bound. Is there a risk of loss to the worker? Which party is responsible for which expenses? Does the worker have obvious signs of being in business for him or herself? The more an independent contractor agreement looks like an employment agreement, the more likely you are misclassifying those workers.

So Join Mark in this important webinar for all hiring managers, as well as payroll and a/p personnel. With a few well-trained individuals in your company, you will gain peace of mind in your worker classification decisions. Take it from an ex-auditor – it is well worth the time and effort to properly conduct business with independent contracts as it is for your employees.

Areas Covered:-

  • Misclassification Facts – IRS estimates of lost revenue
  • Who Cares? – Variety of agencies that audit for this and why
  • FIT definition of employee
  • FICA/FUTA definition of employee
  • IRS 3 Part Test – the minimum standard for federal and state purposes
  • IRS pub 1779VII. State Determinations – how they are being narrowed year by year
  • Exposure. – How to determine your vulnerability to audit
  • Procedures for ensuring proper classification – how to tighten up your company procedures
  • Ancillary Issues
  • Electronic Filing and TIN matching
  • Backup Withholding
  • Current Cases

Why Should You Attend:-

  • Know and apply the factors that determine an employment vs independent contractor relationship
  • Know how the states can and do differ from the IRS and other federal guidelines
  • Correctly categorize all workers as either an independent contractor or employee
  • Effectively argue your position if questioned about a worker’s status
  • Know about and avoid the penalties for misclassification.
  • Document the reasons for your decision
  • Train your hiring, payroll, and HR workforce on this matter

Who will Benefit:-

  • Payroll and HR managers and staff
  • Hiring personnel
  • Internal and External Audit personnel
  • A/P managers and staff
  • Personnel executives
Registration Options
Recording $229
Transcript $229
DVD $249
Recording & Transcript $399
Bulk Registration?

Any Organization, Institution or Group User can register

Registration Form support@webinaraxis.com
Please Note :

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Access Information for Live Session will be emailed to you 12 hours prior the live date.

Access Information for On-Demand, and Transcript will be emailed to you 24 hours post of the live session.

Also, You can access the training information from your dashboard at WebianarAxis.

Speaker
Mark Schwartz

Mark Schwartz

Mark Schwartz in an employment tax specialist with over 25 years of payroll tax experience. He has been an employment tax auditor with the state of California. During that time he managed an audit caseload of over 25 businesses – ranging from home-based businesses to large multinational corporations. He understands the full range of employment tax law for both federal and state purposes.

For the last 15 years, Mark has helped hundreds of clients sort out confusing details in order to effectively run payroll operations. Mark prides himself on listening attentively to his clients, and not ceasing his consulting duties until the client is fully satisfied with the answers and advice.

Mark’s audio conferences are jam-packed with all details applicable to any given topic. He incorporates his experience with the laws and regulations – this gives audiences a leg up on applying the knowledge to their business. Furthermore, Mark is generous with this time for anyone who attends a live conference. He will help research anything on the given topic – free of charge.


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