Contractor or Employee? How the Income Tax Obligations Differ It’s a very important distinction, and one that can get you in hot water if you misclassify workers. Full-time employees of companies often look at independent contractors with envy. They can generally work whatever hours they want. They
Read more →It can often be challenging to understand the difference between an employee and an independent contractor. However, the correct classification of workers is essential. Misclassification of workers can result in harsh IRS penalties. It is also important for the business to understand the reporting obligations and payroll
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