Classifying Workers: Independent Contractor or Employee? - Risks and Practical solutions
Instructor:
Deborah Wolfe
Product ID: 704566
Training Level: Basic
- Duration: 60 Min
Why Should You Attend:
As a business owner, you are responsible for classifying the people providing services to you and your clients, and to remit employment taxes to the IRS on behalf of all employees. Classifying workers as independent contractors simplifies your payroll process and can save business owners money. Workers that feel they have been misclassified can file a tax form to notify the IRS of the discrepancy and organizations can be held liable for the taxes and related penalties.
During this session, webinar participants will learn how to classify workers appropriately, learn to identify factors to consider when determining business relationships, and understand when to file IRS form SS-8, and forms/taxes associated with each type of worker.
Areas Covered in the Webinar:
- Determining Business Relationship – What Type of Workers Do I Have?
- Control and Independence Factors – Who Controls the Work or Product?
- Supporting Evidence – How Do I Document Classification?
- Associated Forms – SS-8, 1099, 940, 941
- Consequences and Penalties
- Independent Contractor, Common Law Employee, Statutory Employee, Statutory Nonemployee
- How Work Instruction Affects Work Relationship
- Financial Factors Affecting Classification
- Contracts
- Industry Standards – Job Types Classified as Employees by the IRS
- Employment Tax Obligations
Who Will Benefit:
- HR and Accounting Professionals
- Small Business Owners
- Entrepreneurs, Sole Proprietors, Self-Employed Professionals
- Non-Profit Organizations
- Business Management Professionals
- Payroll
- Administration
Deborah Wolfe
Business Consultant, Wolfe Business Consulting
Deborah Wolfe is a business consultant, entrepreneur, professional accountant and founder of Wolfe Consulting in St Augustine, FL. She provides business solutions and support for small to mid-size businesses specializing in financial analysis and business management. Before starting Wolfe Consulting in 2013, she managed and directed millions of dollars annually working for the State of Florida for years.
Refund Policy
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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).
