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Classifying Workers: Independent Contractor or Employee?

Duration : 60 Minutes

This course, has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).

Deborah Wolfe,

Deborah Wolfe is a business consultant, entrepreneur, professional accountant and founder of Wolfe Consulting in St Augustine, FL. She provides business solutions and support for small to mid size businesses specializing in Financial Analysis and Business Management. Before starting Wolfe Consulting in 2013, she spent over 8 Read more

This training program will explore how to avoid the misclassification of workers which can have severe consequences for business owners. In this program, participants will understand classification of independent contractor, common law employee, statutory employee, and statutory nonemployee. How to Document Classification?, Associated Forms – SS-8, 1099, 940, 941

Course Objectives:

As a business owner, you are responsible for classifying the people providing services to you and your clients, and to remit employment taxes to the IRS on behalf of all employees. Classifying workers as independent contractors simplifies your payroll process and can save business owners money. Workers that feel they have been misclassified can file a tax form to notify the IRS of the discrepancy and organizations can be held liable for the taxes and related penalties.

During this session, webinar participants will learn how to classify workers appropriately, learn to identify factors to consider when determining business relationships, and understand when to file IRS form SS-8, and forms/taxes associated with each type of worker.

Course Outline:

• Determining Business Relationship – What Type of Workers Do I Have?
• Control and Independence Factors – Who Controls the Work or Product?
• Supporting Evidence – How Do I Document Classification?
• Associated Forms – SS-8, 1099, 940, 941
• Consequences and Penalties
• Independent Contractor, Common Law Employee, Statutory Employee, Statutory Nonemployee
• How Work Instruction Affects Work Relationship
• Financial Factors Affecting Classification
• Contracts
• Industry Standards – Job Types Classified as Employees by the IRS
• Employment Tax Obligations

What You Get:

• Training Reference Materials
• Live Q&A with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points

Who Will Benefit:

• HR and Accounting Professionals
• Small Business Owners
• Entrepreneurs, Sole Proprietors, Self-Employed Professionals
• Non-Profit Organizations
• Business Management Professionals
• Payroll
• Administration

Please reach us at 1-888-844-8963 for any further assistance or if you wish to register

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