Independent Contractor Compliance and the 1099 Form

With tax season upon us, let’s take a moment to review a checklist of what’s classified and what’s misclassified and everything else you need to know about the 1099 filing for independent contractors. Overview An IRS form 1099-Misc is issued whenever companies pay a person or a business more than $600 in total during the…

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How to Avoid a Workforce Audit: Lessons in Worker Classification Compliance

The workforce management experts at nextSource are called on thousands of times every year by organizations of all sizes and compositions to answer critical questions about workforce management. One of the most commonly asked questions they hear is, “how can my organization avoid a worker classification audit?” While the answer to this question may vary…

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Sourcing Contingent Labor: Benefits to Pursue and Red Flags to Identify

There’s no doubt that the use of contingent labor is on the rise industry-wide. Companies are now sourcing contingent labor such as consultants, freelancers, temps, independent contractors, statement-of-work laborers and other non-permanent workers as part of their overall corporate strategies. These workers are not on the company’s payroll but provide important services to the organization. Hiring them comes with certain…

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Freelance Isn’t Free Bill Passes in NYC

Nov 11, 2016 4:16:00 PM The “”gig economy”” continues to have a dramatic effect on the contours of worker classification. The growth of freelance labor, ICs and other assorted 1099 workers has prompted government at all levels to put some standards around what it means to be this type of worker. That’s why on October…

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ACA Compliance for Employers Part II

Part I of ACA Compliance for Employers covered off on a brief overview of the Affordable Care Act (Obamacare) and the Tier 1 and Tier 2 penalties that employers may face if they lack compliance. Today’s nextSource Blog is Part II of a retrospective, looking-back-at-the-basics of Obamacare as we’ve covered them in the past and…

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ACA Compliance for Employers Part I

There’s never a bad time to revisit the information necessary to avoiding the potentially costly and damaging effects of failure to regard ACA compliance. Today’s nextSource Blog is part one of a retrospective, looking-back-at-the-basics of Obamacare as we’ve covered them in the past and reiterates what we’ve shared in numerous posts across 2016 with respect to…

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1099 Independent Contractors: The Assets and Liabilities of Engagement

There are plenty of excellent reasons to engage 1099 contractors (ICs) in the service of your organizational and operational goals. However, as with any tool or practice, there are benefits to be gained as well as pitfalls to be avoided. Understanding what the potential assets and liabilities are with regard to any activity can mean…

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Etsy’s Bold Moves in Support of Gig Economy Workers

Etsy, the online craft community and sales platform recognizes the problems facing many of their suppliers (site users who maintain online storefronts to sell their handmade wares). Etsy’s suppliers are properly classified as independent contractors and, like most ICs, lack reliable access to benefits like healthcare and retirement planning. Etsy took the forward thinking step…

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Wondering Why Workforce Audits and Investigations are on the Rise?

If it seems like you’ve been reading too many stories in the media about organizations facing worker misclassification audits and penalties, you’re not imagining things!  The pace of state and federal worker classification audits have been skyrocketing over the last 12-18 months, and companies of all sizes (even the largest household brand names) have been ensnared. …

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