Learn Classification Requirements For Employees vs. Independent Contractors
Misclassifying employees as independent contractors is a mistake you can’t afford to make. While it may seem like a cost savings to avoid payments such as payroll taxes, unemployment tax, and health coverage, federal and state agencies are actively looking for misclassified employees—and they’ve upped the ante with fines and penalties that have skyrocketed in recent years.
Learn the requirements to properly classify your workers in this information-packed webinar presented by payroll expert Vicki Lambert. She’ll uncover the hefty penalties for misclassifying an employee as an independent contractor and who assesses your classifications. Hint: it’s not just the IRS you have to worry about!
After attending this audio event, you will know how to properly classify worker status. You’ll also know what to do if you have a misclassified employee, and you’ll understand how to lower your risk of a 1099 audit.
This program will teach you:
What classifications of workers are permitted under the IRS Rules
The common law rule and how it’s used to determine worker status
The three factors the IRS uses to determine worker status and how to apply them correctly
How the FLSA rules differ from the IRS rules and why you have to follow both
How the state trumps both the IRS and the FLSA on determining independent contractor status with the ABC test for SUI
The latest agreements or programs being used by the IRS, DOL and the states to “find” misclassified employees
How to use the Form SS-8 to your advantage to determine worker status
Who gets a W-2, who gets a 1099, and why it should never be the same worker
How easily a 1099 audit can be triggered and why the chances of getting one are on the rise
The penalties for misclassifying an employee as an independent contractor and who assesses them
What to do if you discover you have a misclassified employee
Who Should Attend
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Other Tax Preparers
Any individual or entity that must deal with the complexities and requirements of the payroll process
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. ...