While the use of Independent Contractors may appear to be the perfect arrangement it is not without its pitfalls and risks. Governing laws, tax codes and other ordinances are complex and rapidly becoming more challenging than ever. Pending legislation only promises increased audits, more stringent oversight and extensive reporting requirements
Improperly classify employees as IC’s can result in Liability for many years of unpaid federal, state, and local income tax withholdings and Social Security and Medicare Contributions, unpaid workers compensation and unemployment insurance premiums, and even unpaid work-related expenses and overtime pay.
ICsimplify simplifies the process of classification by providing an online evaluation which takes out the guess work.
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Small to Medium Business owners that use Independent Contractors.
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