Talent: Contractors

Are you worried about becoming reclassified as an employee? Have you been reclassified and are now wondering what your options are? Are you trying to locate the best payrolling service available?

According to the IRS, the United States loses more than $2 billion per year in non-withheld income taxes and unpaid employment taxes due to the misclassification of independent contractors. Federal and state agencies have made it a priority to collect this money by launching an aggressive audit campaign against companies, big and small, who use independent contractors. Additional scrutiny of the independent contractor can be a direct result of these audits.

The back taxes, penalties, and interest companies face for compliance violations can reach into the millions of dollars. Companies are now taking these liabilities seriously and moving to change the way they use independent contractors.

Not only are companies at risk for misclassifying workers as independent contractors, the consultant is also at risk. If you are reclassified as an employee, your prior business deductions will be disallowed, your Keough plan will be disallowed, and taxes, penalties, and interest will be due on those adjustments.

Click here to request further information.

Why WorkforceLogic?

WorkforceLogic is committed to you and to your success. We want to provide you with outstanding service and access to superior benefits and services.

We offer access to excellent medical and dental benefits, banking and mortgage services, financial planning and investment services, and professional insurance coverages. In addition to these benefits and services, WorkforceLogic can typically reduce the length of time that is normally required for an independent contractor to be paid by their client.

WorkforceLogic manages the invoice processing, payment processing, and issuance of 1099's.

WorkforceLogic wants to ensure that you continue to work with us at every client and you can take WorkforceLogic with you to your next client.