Are Your Employees Misclassified?

Are Your Employees Misclassified?

By: Peter D. Guattery

A recent program created by the IRS addresses the misclassification of employees, often as independent contractors. The Voluntary Classification Settlement Program gives businesses a chance to voluntarily reclassify their workers with partial relief from federal employment taxes. Find out how this program affects your association and what issues you must consider.

The September announcement of a safe-harbor program by the Internal Revenue Service (IRS) for employers with misclassified employees—the Voluntary Classification Settlement Program (VCSP)—added new emphasis to one of this year's most discussed employment issues: the misclassification of employees as independent contractors. ...