Welcome to AMS Blog

Let us know your thoughts, question and suggestions!



Saturday, July 17, 2010

Independent Contractor Vs Employee - The Exponential Risk of Worker Misclassification

Think twice before routinely classifying that next worker as an independent contractor or employee, or be prepared to write the Internal Revenue Service a large check for unpaid taxes, penalties and fines, should the worker be found incorrectly classified during an audit. In addition, employers in violation of worker classification laws should also be ready to provide retroactive access to employee benefits programs for incorrectly classified workers. And, if during an audit, a privately held company has plans to go public, it could be faced with providing misclassified workers retroactive access to stock options as well.

For more information click on this link.....a must read for business owners.
Independent Contractor Vs Employee - The Exponential Risk of Worker Misclassification

No comments: