An auditor is deep into your worker classification practices and you realize you really weren’t ready for this. So you decide to call your elected politician and ask for reasons. You ask your state assembly member, governor, US Congressman, or US Senator, “Please get the tax auditor off my back.” In the over 30 years [...]
The State of California’s interest rates drop. How does this work? If you overpay your federal taxes the interest rates due to you are: Four (4) percent if you overpaid your taxes Three (3) percent in the case if a corporation overpays However, the IRS only pays one and one-half (1.5) percent for the portion [...]
A reported recent ruling in a New York federal district court held that payments made to a worker, who was both an independent contractor and an employee with the same business, could not be combined to avoid paying overtime compensation under the FLSA. She was an employee but also provided a separate service in her [...]
DENVER, CO – The Colorado state legislature enacted the Misclassification of Employees as Independent Contractors Act this summer. The new law follows a national trend of making it more difficult for employers to misclassify their workers by creating a complaint process for workers who believe that they have been misclassified as independent contractors. The Colorado [...]
That’s right! For example, California’s EDD doesn’t publish this fact (government agencies don’t like to publicize these statistics) but at least 70% of all companies audited by them receive a tax assessment for misclassified workers, including back payroll taxes with penalties and interest. There are some reports that the IRS’ finds misclassified workers in 90% [...]
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