Maryland Independent Contractor Updates… And you don’t have to worry about this?
The following SC&H Group blog post discusses the newly passed sanctions on employee misclassification, helping executives to determine their independent contractors and properly meet all reporting requirements.
In recent years, the misclassification of employees as independent contractors has become a growing issue. In fact, a recent Treasury Inspector General for Tax Administration (TIGTA) report found that an estimated 3.4 million employees are classified as independent contractors when they should be reported as employees—costing the U.S. an estimated $54 billion in underpayment of employment taxes.
So, I put out a great quote with me going on stage to receive an industry award and I get 833 views from LinkedIn. I send out a post about the issue of Independent Contractors and the payroll issue and I get 23, yes 23 views! Let me say, it will...