Dec. 5, 2011
New fines for misclassifying independent contractors
A new law, set to take effect Jan. 1, 2012, dramatically increases the stakes.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
It's no secret that the Internal Revenue Service, U.S. Department of Labor and many state agencies are taking aim at businesses that use independent contractors. Paying an independent contractor means no wage withholding, no employment taxes (shared one-half each by employers and employees), no unemployment insurance, no workers' compensation, and no liability for pensions or fringe benefits. Companies can even avoid the legal hassles an...
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