Independent Contractor Compliance Blog

Myth—If There is a Written Agreement, Signed by Both Parties, Stating the Consultant is an IC, Then the Client Company is Clear of any Tax or Civil Liabilities

One of the most common misconceptions about worker classification that I encounter with clients is the belief that a written contract defining the relationship with a consultant as that of an independent contractor, responsible for his own taxes, will protect the company from misclassification challenges by either tax agencies, labor law disputes, or in civil [...]

The Importance of Educating Your Managers and Stakeholders on Independent Contractor Compliance

If your managers do not use and support your Independent Contractor (IC) qualification system, no matter how good it is, it won’t be effective, and your company will be at risk for misclassified workers. Many project managers think it’s too much trouble to qualify a consultant-that it’ll slow the progress of the project and cost [...]

Document Everything About the Project and the Consultant

Do you want to ensure protection against a misclassification challenge? In the eyes of an auditor, even if you made the proper call on the classification, if it isn’t properly documented it is open to interpretation. One of the ways Collabrus protects you and your high-end consultants is our proven system of documentation for your [...]

The IRS Publishes its 2009-2010 Statistics

WASHINGTON-The US Internal Revenue Service recently released statistics describing IRS activities from Oct. 1, 2009, to Sept. 30, 2010. The release includes information about returns filed, tax collections, enforcement and taxpayer assistance, as well as the IRS budget and workforce. Some IRS statistics for FY 2009-10: Collected $2.3 trillion in revenue Processed 230 million returns [...]

powered by WordPress