Protect Your Business with Section 530
It can cost you a bundle if you misclassify a worker as an independent contractor instead of an employee for federal employment tax purposes. Read further about that in our article about Worker Classifications & Why It Matters. The IRS can make you pay back payroll taxes plus penalties. In some cases, these can equal […]
Worker Classifications & Why It Matters
The Department of Labor enforces the Fair Labor Standards Act (FLSA), the federal law that requires most employers to pay employees a minimum wage and non-exempt employees time-and-a-half for overtime. Understanding worker classifications is crucial for compliance with these regulations. The key word here is “employee.” FLSA does not apply to independent contractors. They need […]