My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

Classifying Contract Workers Ft Mitchell KY

One of biggest impediments to small business growth is the difficulty of classifying workers as independent contractors instead of employees. This is essentially a tax issue. An independent contractor -- someone who does work for your company but is not a full employee -- is responsible for paying his/her own taxes. If that person were classified as an employee, you would be responsible for taxes. But the IRS has a long list of qualifications a worker must meet to be classified as an independent contractor, and often business owners and the IRS disagree about who qualifies. The IRS qualifications are listed here, along with some steps you can take to increase the likelihood of your workers qualifying as independent contractors.

Local Companies

D. A. Hodge Master Research Consultant
859-496-6781
P. O. Box 393
Ft. Thomas, KY
Domestic Security Consultants
513-474-1971
1231 Nagel RD
Cincinnati, OH
Human Resource Profile Inc
513-388-4300
8506 Beechmont Ave
Cincinnati, OH
Internet Investigations LLC
513-579-4455
315 Wilmuth Ave
Cincinnati, OH
Almon Descry Services Inc
513-761-9444
8075 Reading RD
Cincinnati, OH
Official Investigations & Security Services Inc
513-931-7448
3291 North Bend Rd Ste 3
Cincinnati, OH
Sexton & Co. Inc.
(513) 931-1925
1850 West Galbraith Road
Cincinnati, OH
Business Intelligence Inc
513-561-0100
6900 Murray Ave
Cincinnati, OH
Hamilton County Patrol Division
513-825-1500
11021 Hamilton Ave
Cincinnati, OH
AAA Detective Agency
513-791-2848
7659 Montgomery Rd
Cincinnati, OH

 



One of biggest impediments to small business growth is the difficulty of classifying workers as independent contractors instead of employees. This is essentially a tax issue. An independent contractor -- someone who does work for your company but is not a full employee -- is responsible for paying his/her own taxes. If that person were classified as an employee, you would be responsible for taxes. But the IRS has a long list of qualifications a worker must meet to be classified as an independent contractor, and often business owners and the IRS disagree about who qualifies. The IRS qualifications are listed here, along with some steps you can take to increase the likelihood of your workers qualifying as independent contractors.

The issue of control is central to the IRS' independent contractor evaluation. If you control how a worker completes a task for you, the IRS often regards your relationship with a worker as employer-employee. In order for someone to qualify as an independent contractor, the following conditions must exist:
  • The worker hires, supervises and pays his or her assistants

  • The worker is free to work when and for whom he or she chooses

  • The worker does the work at his or her own office or shop

  • The worker is paid by the job or receives a straight commission

  • The worker has the risk of profit or loss

  • The worker does work for several businesses at one time

  • The worker makes his or her services available to the general public (sometimes indicated by having business cards or a listing in the Yellow Pages)

  • The worker cannot be fired as long as he or she meets contract specifications

Some states have rules regarding independent contractors so check with your state's employment office before hiring. In addition, certain workers are automatically classified as employees, regardless of their work arrangement with you. Workers in this category include: full-time salespeople who sell goods for resale; full-time life insurance agents working mainly for one company; at-home workers who are supplied with material and given work performance specifications; and food and laundry delivery drivers.



To increase your chances of convincing the IRS that a worker is in fact an independent contractor, take the following steps:


  • State in your contracts that a worker is an independent contractor including a statement that all payments to the worker will be reported to the IRS on Form 1099.

  • Pay for work by the job, instead of by the hour, the week or the month.

  • Have all workers submit invoices for work before paying them.

  • State in all contracts with contract workers that the individual is responsible for his or her own insurance, including workers' compensation.

  • Construct a contract that allows the contract worker to use his or her own tools and equipment, and to hire his or her own assistants.

Featured Local Company

D. A. Hodge Master Research Consultant

859-496-6781
P. O. Box 393
Ft. Thomas, KY
Read more about Classifying Contract Workers

Related Articles
- Trade Show Booths Ft Mitchell KY
Trade Shows are a significant investment for any business. Having the right trade show booth display and strategy is critical to meeting your overall objectives. Afterall, we all know the value of a good first impression. There's lots to consider beyond the basics bt don't forget portability, costs, and booth assesories.
- Corporate Gifts Ft Mitchell KY
- Human Resource Management Ft Mitchell KY
- Business Startup Ft Mitchell KY
- Promotional Products Ft Mitchell KY
- Exhibitions Ft Mitchell KY
- Business Networking Ft Mitchell KY
- Corporate Retreats Ft Mitchell KY
- Corporate Relocation Ft Mitchell KY
- Office Supplies Ft Mitchell KY
Related Articles
- Trade Show Booths Ft Mitchell KY
Trade Shows are a significant investment for any business. Having the right trade show booth display and strategy is critical to meeting your overall objectives. Afterall, we all know the value of a good first impression. There's lots to consider beyond the basics bt don't forget portability, costs, and booth assesories.
- Corporate Gifts Ft Mitchell KY
- Human Resource Management Ft Mitchell KY
- Business Startup Ft Mitchell KY
- Promotional Products Ft Mitchell KY
- Exhibitions Ft Mitchell KY
- Business Networking Ft Mitchell KY
- Corporate Retreats Ft Mitchell KY
- Corporate Relocation Ft Mitchell KY
- Office Supplies Ft Mitchell KY
Related Local Events
Roadmap: Strategies for Business Growth
Dates: 11/5/2009 - 11/5/2009
Location: Cincinnati USA Regional Chamber
Cincinnati, OH
View Details
Navigating Your Chamber-What Can the Chamber do for You
Dates: 11/5/2009 - 11/5/2009
Location: Cincinnati USA Regional Chamber
Cincinnati, OH
View Details
Trouble At The Tropicabana
Dates: 10/23/2009 - 10/23/2009
Location: The Greenwich
Cincinnati, OH
View Details
Forty Under 40 (Sept. 24th)
Dates: 9/24/2009 - 9/24/2009
Location: Cincinnati Music Hall
Cincinnati, OH
View Details
End of Summer Workshops
Dates: 8/28/2009 - 8/28/2009
Location: Appalachian Gateway Center
Sardinia, OH
View Details
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.