It’s no secret that the Internal Revenue Service is always looking for ways to ease its administrative burden and bring in additional revenue. In fact, according to some attorneys that follow the IRS, it is undergoing “a massive effort” to force employers to reclassify independent contractors as employees. As the article below discusses, the IRS will come after the employer retroactively and seek back taxes on a 1099 employee, even if the employee has already paid the tax.
Proper classification of employees for staffing firms is essential for making sure the proper workers’ comp premium is being paid. Filing the right forms for tax compliance is equally important to avoid penalties. A PEO can help you prepare for the latest IRS initiatives and make sure you’re filing the proper forms.
Visit our web site at www.StaffingCompSolutions.com, call us at 202-302-1212, or email us at david@StaffingCompSolutions.com for more information about all our staffing and workers’ comp offerings.
Sincerely
David Schek
President
StaffingCompSolutions.com