IRs Cracks Down on Independent Contractors



(CNNMoney.com) -- If your business uses independent contractors, get ready for new scrutiny. Hoping to boost tax revenue, the IRS and many state governments are cracking down on how companies classify their workers.

When employers report wages for independent contractors on IRS form 1099, rather than a W-2, they aren't required to pay unemployment insurance, worker's compensation insurance or payroll taxes for them. But the rules governing which workers are genuinely "independent" are strict -- and often flouted....More

I found this article and think it is a great resource.  Check it out!  Make sure you are in compliance.


I'm Jayne Miller, The QuickBooks Gal 

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