Finance Teams
You are here: Home : Topics A-Z : Finance Teams
Cracking Down on Independent Contractors
Federal and state regulators increasingly want to know whether companies' independent contractors are truly independent.
March 3, 2010
Employers may want to reexamine how they label their workers this year, as federal and state officials vow to clamp down on the misclassification of employees as independent contractors.
The Internal Revenue Service plans to look at the issue in audits of 6,000 randomly chosen companies during the next three years, starting this month. Meanwhile, proposals on Capitol Hill would give the Department of Labor more resources to ensure that companies classify their workers correctly. They would also change a safe harbor in the tax code that has enabled some companies to continue their practice of misclassifying workers.
Read more...
Follow this topic
- Subscribe to our Finance Teams RSS feed
More Finance Teams Articles
-
Tax Departments: Progressive or Not?
Women are relatively well represented in tax, but their progress has stalled of late, according to a recent study. February 25, 2010
-
Fraud Case Casts Doubt over Sarbox Exemption
An alleged $31 million fraud could quash claims that internal-controls checks don't matter. February 1, 2010
-
All the Right Moves
With the best and brightest ready to bolt, CFOs will have to step lively if they hope to retain their top talent. February 1, 2010
-
Fraud Case Feeds Sarbox-Exemption Critics
Could an alleged $31 million fraud at a company that reported $38 million in sales last year quash claims that internal-controls checks don't matter? January 7, 2010
-
CFOs Find It's Nice to Share, within Limits
Finance departments are continuing to move functions to offshore shared-services groups but are stopping short of full globalization. October 27, 2009
-
Ops-Savvy CFO Flies High
ThyssenKrupp Aerospace's Doug Penner spends his time educating business-unit managers about finance and tailoring processes to the company's operational needs. October 14, 2009
-
Rethinking Risk in Offshore Outsourcing Deals
Why CFOs should consider the risk of currency fluctuations when sending work offshore. September 2, 2009
-
Getting (and Giving) the Message
Internal communications may not be a CFO's top worry, but shoring them up can mitigate all manner of risks, both small and large. August 28, 2009
-
Back-office Outsourcing: a Buyers' Market
Companies have delayed outsourcing projects, leaving service providers waiting for the go-ahead. July 23, 2009
Related White Papers
advertisement
Business Solutions Center
advertisement


Video