W2s 1099s Independent Contractors? Protect Yourself with Proper Classification - Webinar By TrainHR
Venue: Online Training Webinar
|Event Date/Time: Aug 18, 2011||End Date/Time: Aug 18, 2011|
The information provided in this program will help the attendee to correctly identify and classify employees vs. independent contractors and the correct procedures for payroll departments to compensate them.
Why should you attend: The largest compliance penalties ever levied have their roots in employee classification. As a result the IRS recently turned their attention towards stricter enforcement of these regulations. Many states have increased scrutiny and penalties for violations in their jurisdictions as well. A simple misinterpretation of employee classification rules can result in monetary damage that can adversely affect an employer. And if misclassification can be proven intentional, those penalties could crippleâ€¦or killâ€¦any business entity.
Areas Covered in the Session:
What classifications of workers are allowed under the IRS rules
What is the common law rule and how is it used to determine worker status
What are the three factors the IRS uses to determine worker status and how to apply them correctly
How FLSA rules differ from IRS rules when it comes to determining who is an independent contractor
Using the Form SS-8 to your advantage to determine who is or is not an independent contractor
What are the penalties for misclassifying an employer as an independent contractor and who assesses them. Itâ€™s not just the IRS you have to worry about.
Who gets a W-2 and who gets a 1099 and why one worker should not get both
Find out how easily a 1099 audit can be triggered and why the chances of getting one are on the rise
Who Will Benefit:
Human Resources and Accounting Personnel
Attorneys, or any individual or entity that must deal with the complexities and technicalities of the payroll process.