Every business owner is required to accurately determine whether the individuals providing services are employees or independent contractors. Understanding your responsibilities and liabilities regarding this critical determination will impact the tax status of those individuals and how your organization reports the information to the IRS. This webinar will illustrate to participants how the business relationship they establish and maintain with those who provide services impacts determination of the status of 1099- independent contractor or W-2 employee.
This webinar will equip employers with critical information required to determine the most appropriate status for those individuals rendering services. Other key topics to be addressed will include:
Why Should You Attend:
According to the US Department of Labor, the Supreme Court has said that there is no definition that solves all problems relating to the employer-employee relationship under the Fair Labor Standards Act (FLSA). The court has also said that determination of the relationship cannot be based on isolated factors or upon a single characteristic, but depends upon the circumstances of the whole activity. The goal of the analysis is to determine the underlying economic reality of the situation and whether the individual is economically dependent on the supposed employer.This webinar will equip employers with critical information required to determine the most appropriate status for those individuals rendering services. Other key topics to be addressed will include:
- Audit checklist for maintaining independent contractor status
- What every employer should know about hiring personnel as independent contractors
- Resources for tax-related information
Areas Covered in the Webinar:
- Three common law-rules regarding employment status
- IRS-20 factors test
- Form SS-8, Form 1099-Misc, Form W-9
- Employment tax obligations
- Discussion of relevant federal and state laws
- Dos and don’ts during contract development for independent contractors
- Dos and don’ts after contract is signed and work begins
- Dos and don’ts while an independent contractor’s work is in progress
Who Will Benefit:
- Federal and state government employers
- Government contractors and sub-contractors
- Small business owners
- Human resource and talent management professionals
- Managers
- Supervisors
- Accountants and CPAs
- CFOs
- Controllers
- Tax managers
- Payroll professionals
- Bookkeepers
Course Provider
Diana Chomichuk,
