W2s vs 1099 - IRS Updates For Employers To Classify Independent Contractor vs Employees

Webinar Background & Agenda :

Misclassifying employees as independent contractors is becoming an increasingly costly mistake for businesses. With federal and state agencies intensifying their efforts to crack down on misclassification, the risks have never been higher. The fines and penalties associated with misclassification have soared, creating a significant financial burden for companies that fail to comply with the regulations. Each day that misclassification persists, the penalties continue to accumulate, turning this issue into a ticking time bomb that could explode at any moment.

Join renowned expert Vicki M. Lambert, CPP, for an in-depth, information-packed webinar designed to help you navigate the complexities of worker classification. In this session, Vicki will guide you through the critical distinctions between employees and independent contractors, ensuring that you understand the legal requirements for correctly classifying your workforce.

This presentation will cover:

• What classifications of workers are permitted under IRS Rules
• What is the common law rule and how is it used to determine worker status
• What are the three factors the IRS uses to determine worker status and how to apply them correctly
• How the FLSA rules differ from the IRS rules and why you must follow both even as the FLSA regs are being updated in 2024
• How does the state trump both the IRS and the FLSA on determining independent contractor status with the ABC test for SUI
• What are the latest agreements or programs being used by the IRS, DOL and the states to “find” misclassified employees
• Using the Form SS-8 to your advantage to determine worker status
• Who gets a W-2 and who gets a 1099 and why it should never be the same worker
• Find out how easily a 1099 audit can be triggered and why the chances of getting one are on the rise
• What are the penalties for misclassifying an employee as an independent contractor and who assesses them.  It is not just the IRS you have to worry about.
• You found out you have a misclassified employee—now what?

This webinar will delve into the specific criteria that must be met to legally designate a worker as an independent contractor, as well as the conditions under which a worker must be classified as an employee. By the end of this webinar, you'll be equipped with the knowledge needed to protect your business from costly fines, avoid the pitfalls of misclassification, and ensure compliance with all relevant labor laws. Don’t miss this opportunity to safeguard your company and stay ahead of the ever-evolving regulatory landscape.

About The Trainer : Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. With nearly 40 years of hands-on experience in all facets of payroll functions as well as over three decades as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues.  She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today. A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.