How to mitigate the risks involved with using Independent Contractors in your company
Using Independent Contractors has become a vital component of workforce planning in today’s marketplace. But this contingent workforce can expose your company to significant risk. The IRS, EDD and numerous other government agencies have made tracking down misclassified Independent Contractors a top priority. Their motivation is to close what they call the “Tax Gap” – the estimated $35 billion per year in income taxes and unpaid employment taxes that are not collected due to the misclassification of workers.
Your company may face millions of dollars in combined back taxes, penalties, and interest for missclassification of workers. At this briefing you’ll learn:
- The 5 most dangerous assumptions of using Independent Contractors and how to avoid them
- The most common triggers for a potentially destructive audit and the potential financial implications if you are audited
- Simple steps you can take to mitigate the risks involved with using Independent Contractors in your business
Who: Human Resources, Finance, Procurement, Legal executives at Silicon Valley companies who use contingent labor
What: Complimentary breakfast briefing that will educate you on the issues and solutions, including a Q&A session with our worldclass compliance expert
When: Thursday September 25th, 2008. 8:00 – 10:00am, Breakfast at 8am & Briefing at 8:30am
Where: The California History Museum, 1401 N Shoreline Blvd., Mountain View, CA
RSVP: or contact: Christine Couture, 415-288-1826, ccouture@collabrus.com
There is no cost to attend, but space is limited, so make sure you sign up early.
Speaker:
Walter Branam has over 30 years of experience working with The State of California’s Employment Development Department (CA EDD) in labor and tax audits. As a former Tax Auditor, Tax Administrator, facilitator of the CA EDD’s first Taxpayer Rights Advocate Program, and designer of the CA EDD’s Settlement Program his knowledge of the Federal and State employment laws, regulations, and audit criteria provides valuable insight into how to prevent worker misclassification. Walt has been a featured key note speaker with the California Bar Association, Committee on Taxation, and a highly requested speaker by numerous professional groups. He brings his compliance expertise to the private sector as the in-house Worker Classification and Employment Tax Compliance Specialist at Collabrus Inc.
The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI’s criteria to be pre-approved for recertification credit.
