Article: New Crackdown On Using Independent Contractors

Discussion in 'Business Operations' started by greg8872, Nov 17, 2012.

  1. greg8872

    greg8872 LawnSite Senior Member
    Posts: 298

    Article in Forbes from Nov 15, 2012 about IC's. Also has good information on defining them, and the consequences of classifying your workers wrong. Thought it might be a useful article for some.

    http://www.forbes.com/sites/robertwood/2012/11/15/new-crackdown-on-using-independent-contractors/

     
  2. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    I was told( by my CPA two years ago that an IRS crack down in general is expected and targeting Small Business. Obama care is expensive and one of the rules now would be 1099's reporting on almost every expense. The rule is set up but reporting ( transisition period) was not enforced last year. Part of this is going to be catching people miss classifying employees at contractors because they expect one, to recapure the non-reporting and two for enforcing Obama care provisions including penalties.
     

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