Check out our new Tax Tips newsletter! Current tax and records clients received the first issue last week. If you would like to be added to the mailing list for future editions please contact your local office. We anticipate sending this out quarterly. Below is an excerpt from the newsletter, to read the whole thing click here.
Independent Contractor or Employee?
By Lisa Young, Records and Tax Specialist
We have been experiencing an increase in audits with both the Vermont Department of Labor and various workmen’s compensation insurance companies. It seems that these organizations are cracking down on whether or not businesses are properly classifying independent contractors and complying with the filing requirements. The cost of erroneously classifying employees as independent contractors can be substantial. Below is information to help you determine who would be considered an independent contractor vs. an employee.
For further assistance, please feel free to call a Financial Services Representative at your local office.
