HR & Payroll

Overview:

IRS reclassification of contractors can be financially devastating to a business, with the business subject to paying back payroll taxes, plus interest and penalties. This webinar will cover how to tell the difference between a contractor and an employee; what the IRS looks at when auditing whether a worker is an employee or a contractor. We will cover the current "3-factor" standard the IRS uses, as well as the older "20-factor" standards. We will also discuss the relief options available if you get audited and the IRS reclassifies contractors as employees.

NOTE: this webinar specifically focuses mostly on the IRS, but we also talk briefly about other agencies that could audit this issue, such as the DOL or state agencies.

Session Highlight:

·       Why it's important to know the difference between contractors and employees

·       All the different ways you can get audited: IRS, DOL, and states (we focus on the IRS mostly in this webinar)

·       The IRS's current 3-factor test

·       The older - but still referenced - 20-factor test

·       Dealing with borderline situations - are they a contractor or are they an employee?

·       Form SS-8 - what to do if an employee files one

·       IRS relief programs: Section 530; Section 3509; the voluntary compliance program

·       Discuss the reporting implications of employee vs. contractor, such as 1099 vs. W-2, payroll taxes, etc.

What Will be Covered:

Step wise flow of session to help audience understand what pain areas will be covered:

·       Employer legal obligations in 2023

·       Comparisons of employee and contractor

·       IRS 3-factor test

·       IRS 20-factor test

·       Form SS-8

·       Form 8919

·       Borderline workers and dual-role workers

·       IRS Audits and Relief Options

Benefits For Attending:

IRS audits on the subject of whether a worker is a contractor, or an employee are on the rise. States are also increasing enforcement in this area. This webinar will help you tell the difference between a contractor and an employee and what to do if the IRS audits your business.

Who Should Attend:

·       Business Owners

·       Senior Management

·       CFO & Controllers

·       CPA’s & EA’s

·       Tax Preparers

·       Human Resources professionals

·       Payroll Professionals

·       Compliance professionals

·       Information Reporting Professionals

·       Accountants

·       Bookkeepers

·       Tax Professionals

·       Auditors

·       Office Managers

·       Managers & Supervisors

Ask your question directly from our expert during the Q&A session following the live event.