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Barbara Weltman

Big Ideas for Small Business, Inc.

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States share info with feds on worker misclassification

January 29, 2015 / By Hudson Fusion

Since Florida signed a memorandum of understanding on January 13, 2015, there are now 16 states with such understandings in place. This means that when any state reclassifies an independent contractor as an employee(something that may be done for unemployment benefits or worker compensation purposes), the information is passed on to the federal government (DOL, IRS). Companies with reclassified workers may owe back employment taxes to the government and fringe benefits to workers.

You’ll find a new post on my blog each Thursday — get critical updates, practical help and essential information to assist you in your small business now.

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Don’t wait … get your copy of the 2015 edition of my tax books, J.K. Lasser’s Small Business Taxes 2015 and 1001 Deductions and Tax Breaks – available from Amazon now!

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