Free Subscription to CFO Magazine

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

More Finance Teams Articles

Related White Papers

» More Related White Papers

advertisement

Business Solutions Center

» More Business Solutions Center Links

advertisement