CONSTRUCTION WORKER MISCLASSIFICATION: STAY ON THE IRS' GOOD SIDE
There may be nothing sure but death and taxes, roofing sheet roll price but that hasn’t stopped some people from pursuing that great American pastime: avoiding taxes. One of the most common ways businesses use to skip out on paying taxes is to misclassify employees as independent contractors, which happens to be illegal. Worker misclassification is also known as payroll fraud. Sometimes it’s unintentional, but that won’t keep you from getting handed a penalty, so read on to find out how to stay out of trouble. INDEPENDENT CONTRACTORS: A DEFINITION Most resources say an independent contractor provides goods or services to another individual or business, often under terms of contract dictating the desired work outcome, but the contractor retains control over how the goods or services are provided. In other words, independent contractors are their own bosses, not subject to an employer’s control except as agreed by contract. Generally, an independent contractor does a specific ...