Employers faced with cost reduction and/or downsizing may find help using independent contractors rather than carrying employees on their payroll. They reduce their tax and benefit liabilities by using contractors legally and effectively. Before taking this tack, it's important to educate yourself. The IRS and DOL have regulations they are famous for sticking to! Don't get on their radar by making questionable employee classifications. Here are two excellent resources to get you started:
Help from SCOREContractor vs EmployeeMyTimeCards accurately tracks classification and employee or contractor hours by job and client.
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