Contractor or Employee: Make sure you classify correctly to avoid risks

By: Nancy Mehlberg  - CVB EA, Principal, SVA Certified Public Accountants

Properly classifying individuals who perform services for your company is critical to avoid penalties and issues with the Department of Labor (DOL) and the Internal Revenue Service (IRS). Misclassifying can land you in big trouble as the IRS has stringent definitions to determine which is the appropriate classification.

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