Independent Contractors?

If your company uses the services of independent contractors the feds may want to talk with YOU soon! The IRS has recently started a new enforcement strategy to identify independent contractors that should actually be classified as employees.

The new project is set to recoup those payroll taxes on independent contractors as well as penalties and interest. It is expected to raise $7 billion in tax revenue in the next decade. They are targeting industries where they believe employers most commonly misclassify workers.

At the top of the list are: construction related companies, child care, home health care and grocery stores.

If you have questions or concerns about your classifications feel free to contact us, we are happy to help!