1099 Reporting Requirements - Contractor vs. Employee

Speaker

Instructor: David Sanders
Product ID: 704174

Location
  • Duration: 90 Min
This training program will focus on the distinctions that determine whether a worker is an employee or a contractor. It will enumerate common laws and regulations that help in the determination and the procedures for correct reporting of 1099s.
RECORDED TRAINING
Last Recorded Date: Nov-2015

 

$149.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
(For multiple locations contact Customer Care)

$299.00
Downloadable file is for usage in one location only. info Downloadable link along with the materials will be emailed within 2 business days
(For multiple locations contact Customer Care)

 

 

Customer Care

Fax: +1-650-362-2367

Email: [email protected]

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Why Should You Attend:

In the ever changing world of business, it is critical to correctly determine whether individuals providing services to companies are employees or independent contractors and per the statutes report to avoid audits and other enforcement efforts. The IRS says if you treat employees as nonemployees you will be liable for all social security and Medicare taxes and for withholding taxes for the entire period of misclassification plus all penalties and interest.

Businesses are pushed to supply customers the best prices. One of the ways companies are trying to cut expenses is reclassifying employees. Every business knows hiring employees can be increased hardship for businesses to provide benefits and pay increased wages, and thereby classify workers as contractors.

The IRS states employers need to be fully informed of the code and know how to determine contractors vs. employees to stay in compliance or face fines. This webinar will train attendees on the same.

Learning Objectives:

  • Learn how to present ideas in financial terms for greater impact
  • Gain confidences with figures and facts
  • Understand fundamentals of contractors
  • How to increase your competitive position by understanding these areas
  • How to analyze performance and decision making
  • Learn fundamentals of employee vs. contractors
  • Financial impact
  • How to evaluate your current systems strengths and weaknesses
  • Characteristics of successful strategic competition
  • Learn best practices

Areas Covered in the Webinar:

  • How to determine whether a worker is an employee or contractor
  • Avoid fines and interest in these areas
  • Common Law Rules-facts that provide evidence of the degree of control and independence
  • How to obtain help in the determination
  • Consequences of treating an employee as an independent contractor
  • IRS relief provisions for misclassified employees
  • Voluntary Classification Settlement Program (VCSP)
  • How to report information returns for contractors
  • Three types of employees defined
  • Correct reporting of 1099s
  • Correct classification of your workers
  • Filing the correct information as required by the IRS Pub 1220

Who Will Benefit:

  • Human Resources Professionals
  • Business Owners
  • Department Managers
  • Managers, Supervisors
  • Team Leaders
  • Personnel Managers
  • Anyone with the responsibility of hiring or acquiring service providers

Instructor Profile:

David E Sanders is widely considered one of the nation’s leading expert on accounting, accounts payable, accounts receivable, collections, budgets, personal finance, personal income taxes, business taxes, business set up, sales and use taxes, non-profits, accounting internal controls, fraud, vendor and supplier management. He has conducted over 5, 000 public seminars worldwide and 2,500 company on-sites training sessions.

The author of four acclaimed books, 25 seminar workbooks, numerous training tapes, he holds seminars and conferences nationwide, he breaks things down into easy to understand steps that you can implement immediately. He was an endorsed local provider/consultant for the Dave Ramsey Show covering the whole Greater Cincinnati and Northern Ky. Area; he has appeared on Fox Business Network TV and WQRT/ WLW Radio as a national business specialist/consultant.

Mr. Sanders has a wealth of experience to share that is supported by impeccable financial credentials including over 36 years’ experience in the financial industry and holds numerous degrees including accounting, business administration and finance.

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Our refund policy is governed by individual products and services refund policy mentioned against each of offerings. However in absence of specific refund policy of an offering below refund policy will be effective.
Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

 

 

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