| 1099 Risk Assessment - Worker Classification Support |
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You drive better compliance and reduced risk when we help you identify, assess and administer your independent contractors.The incorporation of independent contractor solutions into MSP programs has long been a goal for clients concerned about compliance risk. Independent contractors are often highly compensated, have sought after skills and are brought into organizations to work on key projects. For these reasons existing independent contractors often have a lot of leverage and bringing them under a managed staffing program, which includes an independent contractor vetting process, has sometimes been a challenge.Heightened Focus on Worker Misclassification Because of the current administration's crack down on employers that misclassify workers, that is changing. The current administration estimates that misclassification of employees as independent contractors could cost the U.S. Treasury Department over $7 billion in lost payroll tax revenue between 2010-2020. In an effort to capture this lost revenue, the IRS is conducting random audits of 6,000 businesses over the next three years to determine if those businesses are correctly classifying employees and is working to tighten the laws that govern employee classification and stiffen the penalties for employers that misclassify employees. This increased scrutiny has brought the management of independent contractors to the top of the priority list for many staffing buyers and has provided the leverage necessary to drive better compliance. Worker Classification Support Services:
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| White Paper: Pushing the Boundaries: Joan Davison of Staff Management | SMX on Expanding Globally and Getting Noticed |
| Client Success Story: A Leading Online Retailer |
| Newsletter: Staff Management | SMX eNews - September 2012 |
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