Finance News & Insights

IRS wants you to come clean on this … should you?

If your company has leaned on this popular cost containment strategy in recent years, you’re going to want to take note of a new offer from the feds. [Read more…]

Print Friendly

Retirees returning to work? Watch out for this trap

A growing number of companies are turning to an unusual source for help: retired workers. But this practice can cause more trouble than it’s worth if employers aren’t careful. [Read more…]

Print Friendly

An alternative to the paper 1099 headache

If you’re tired of the time-consuming and costly process of mailing out paper 1099s to independent contractors (ICs) and vendors, the feds want you to go the electronic route. Just be sure you remember to do this, too. [Read more…]

Print Friendly

Feds tap safety watchdog to fight misclassification

Thanks to the feds’ latest move, employers will have yet another government agency looking over their shoulder to see if they’re classifying workers correctly. [Read more…]

Print Friendly

Feds plan heap of random audits in early 2010

Beginning in February, 6,000 random (unlucky) companies will start getting the IRS version of Happy New Year’s wishes: a notice they’re going to be audited over employment taxes. [Read more…]

Print Friendly

The savings strategy that’s backfiring bigtime

Management / Staffing Issues

File it under “seemed like a good idea at the time” — in an attempt to save money a company reclassifies existing workers as independent contractors or starts hiring more ICs. Could save you a bundle … or cost you one. [Read more…]

Print Friendly

A common staffing shortcut that's not worth the risk

Plenty of tasks need to be done now, but your company can’t afford to bring in any more full-time staffers. Thank god for independent contractors … right? [Read more…]

Print Friendly

Take the aggravation out of filing

File it under F for “Frustration” — filing isn’t any finance staffer’s favorite task. [Read more…]

Print Friendly

Bulletproof IC decisions

Independent contractors: a great resource for completing seasonal or temporary projects and landing your company in a costly lawsuit. [Read more…]

Print Friendly