Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)
IRS Offers Voluntary Settlement Program for Classification of Employees
Classification of workers has been a hot topic over the past few years, and the penalties and fines assessed against employers for misclassifying workers as independent contractors as opposed to W-2 employees has been a significant revenue generator for government agencies. The Internal Revenue Service (“IRS”) has issued guidance on whether a worker should be [...]
IRS Increases Number of Workplace Audits
The IRS estimates that employers underpay $14 billion in employer taxes each year. To recoup these costs, beginning in February, the IRS will target 6,000 businesses for workplace audits over the next three years. Of those, roughly 1,500 organizations will be tax exempt. Employers will be chosen randomly, without regard to size. The auditors will [...]