Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be a costly error. It can be complex to determine whether a worker is an independent contractor or an
independent contractor Archives - Crawford Ellenbogen
May 26, 2021
Help ensure the IRS doesn’t reclassify independent contractors as employees
- By Victor Dozzi
- Business
- 0 Comments
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Jul 30, 2019
The “nanny tax” must be paid for more than just nannies
- By Ellenbogen
- Taxes
- 0 Comments
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper or other household employee (who isn’t an independent contractor) may make you liable for federal income tax, Social Security and Medicare (FICA) tax and federal unemployment tax. You may also have
May 7, 2019
Employee vs. independent contractor: How should you handle worker classification?
- By Ellenbogen
- Business, Employees, Taxes
- 0 Comments
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations. Why it matters When your business