Employment Classification for Tax Reporting – Independent Contractor or Employee
Glenn Glasberg2022-06-02T12:58:04-04:00For proper tax withholding, tax reporting, and payroll processing, business owners need to correctly determine whether individuals' providing business services should be classified as employees or independent contractors. Misclassifying workers can lead to a business being liable for employment taxes for that worker and possible tax penalties. Learn characteristics for proper employment classification.