According to the Government Accountability Office, independent contractors account for more than 7% of the U.S. workforce. They certainly have their place in the construction industry — be it as a specialized tradesperson, such as a carpenter, or as an IT or business consultant.
What Makes an Independent Contractor: Six Key Factors Construction Professionals Need to Know
Posted by bgoricki on Jan 15, 2016 11:28:53 AM
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Topics: Payroll Taxes, Construction, DOL, employee misclassification, IRS, Uncategorized
Worker classification – categorizing a worker as either an employee or independent contractor – varies from organization to organization and can be confusing. The IRS has begun to focus on classification of workers by an organization, conducting employment tax audits and compiling data about employers’ compliance with IRS rules involving employee versus independent contractor reporting.
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Topics: 1099, Payroll Taxes, Independent Contractor, Uncategorized, W-2, Worker Classification