WASHINGTON DC-The Internal Revenue Service invited public comment on how to carry out “The Patient Protection and Affordable Care Act of 2010,” also known as the Heath Care Bill, that requires all corporations to receive a Form 1099 for their goods and services to other businesses. What does Health Care have to do with 1009 [...]
Last week Deputy Labor Secretary Seth Harris, speaking in Washington DC before the Center for American Progress (a pro labor research group) said his department intends to foster a stronger culture of IC compliance among employers to counter a practice he describes as follows: “They are playing a dangerous game of catch me if you [...]
You get a letter from the state EDD or the IRS informing you that your company has been selected for an employment tax audit. Are you Ready? Did you know that: Over 70% of all employment tax audits conducted result in a finding of misclassified workers? The EDD and the IRS win 90% of the [...]
IRS Auditors Look at More Than Accounting Records When Auditing an IC’s Business Collabrus works on behalf of client companies to help them safely and cost-effectively engage contingent workers in their business. As such, most of the articles I write are employer-centric. In today’s article I will look at the issue of IC Compliance from [...]
In a report issued last year, the U.S. Treasury Department’s Inspector General bureaucratically criticized the IRS, saying that the misclassification of employees as independent contractors is a nationwide issue affecting millions of workers that continues to grow and contribute to the federal tax gap.* The report said, “The IRS…does not have an agency-wide employment [...]
In an article posted on April 6, 2010, I informed you of this tax credit and how to qualify. The Health Care Bill Provides a Conditional Credit for Small Employers You can find a complete synopsis of this tax credit in that article. This week state and federal government agencies began to officially announce this [...]
The already huge U.S. Department of Labor (DOL) is asking Congress for $116.5 billion in funding and 17,800 full-time employees for fiscal year 2011 budget. During a recent budget hearing, (conducted by the House Appropriations Committee’s Subcommittee on Labor, Health and Human Services, Education and Related Agencies) Labor Secretary Hilda Solis testified that in addition [...]
Regular readers of this blog might think I’m “The boy who cried wolf,” or perhaps Chicken Little-always crying “The sky is falling”! I write article after article warning you that enforcement of the independent contractor classifications is toughing up on both the local and national levels. I’ve been calling it the Perfect Compliance Storm for [...]
The two thousand plus page Health Care and Reconciliation Bills are complex and rich with provisions that will take time to be fully discovered. Many of the provisions create additional costs. For example, the law requires employers to provide health insurance for their employees or face harsh penalties. However, the law also provides some opportunities [...]
The two thousand plus page Health Care and Reconciliation Bills are complex and rich with provisions that will take time to be fully discovered. In this article I’ll explore some of the new taxes, fines and penalty provisions that affect employers and their workers. Many of the provisions do not take effect immediately, but are [...]
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