W-2’s?, 1099’s?, Independent Contractors? Protect Yourself with Proper Classification 2011

Learn how to differentiate employees and independent contractors as per IRS rule and understand the correct process to compensate them.
This IRS regulation based webinar will help the attendees to correctly identify and classify employees vs. independent contractors and the correct procedures for payroll departments to compensate them.

Areas Covered in the Seminar:

• What classifications of workers are allowed under the IRS rules.
• What is the common law rule and how is it used to determine worker status.
• What are the three factors the IRS uses to determine worker status and how to apply them correctly.
• How FLSA rules differ from IRS rules when it comes to determining who is an independent contractor.
• Using the Form SS-8 to your advantage to determine who is or is not an independent contactor.
• What are the penalties for misclassifying an employer as an independent contractor and who assesses them. It s not just the IRS you have to worry about.
• Who gets a W-2 and who gets a 1099 and why one worker should not get both.
• Find out how easily a 1099 audit can be triggered and why the chances of getting one are on the rise.

Who Will Benefit:

• Payroll professionals
• Human resources
• Accounting personnel
• Business owners
• Lawmakers
• Attorneys