Calls to end 'regulatory whiplash' around independent contractor rules

Hiring independent contractors? Make sure you’re doing it right - WCS - Tax Preparation in Cecil County

Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as independent contractors can result in expensive consequences if the IRS steps in and reclassifies them. It could lead to audits, back taxes, penalties and even lawsuits. Understanding …

Calls to end 'regulatory whiplash' around independent contractor rules

With worker classification determination changes from administration to administration, trucking is calling on Congress to create stability and codify the previous Department of Labor rule.