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EmployeeIndependent Contract Classification Checklist the Internal Form

EmployeeIndependent Contract Classification Checklist the Internal Form

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is that service provider you're paying an employee or an independent contractor the choice you make will have many legal consequences not only for state and federal labor laws but also for state and federal tax obligations that's because employers must pay the employer's share of payroll taxes and withhold from employees paychecks federal and state income taxes and the employee's share of payroll taxes by contrast businesses have minimal tax requirements when paying independent contractors businesses must merely ensure that they collect forms W-9 and issue forms 1099 for certain contractor payments there's a strong incentive for businesses to classify employees as independent contractors but misclassifying employees as independent contractors can result in devastating losses for our business and this set of videos we'll discuss the federal and state payroll taxes risks of employee misclassification and the complex and differing federal an

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