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The Department of Labor, as part of its continuing effort to reduce paperwork and respondent burden, conducts a pre-clearance consultation program to provide the general public and Federal and state agencies with an opportunity to comment on proposed and continuing collections of information in accordance with the Paperwork Reduction Act of 1995. This program helps ensure that requested data can be provided in the desired format, that reporting (time and financial resources) is minimal, that collection instruments are clearly understood, and that the impact of collection requirements can be properly assessed. The Mine Safety and Health Administration is soliciting comments concerning the proposed extension of an existing information collection, OMB Control Number 1219-00040, Independent...
NEW YORK - Those independent contractors you hired for your small business last year - they really were independent contractors, right? Or were they employees? Many owners might not worry about the distinction, but they should. If the IRS decides that a company should have treated its independent contractors as employees, an owner could be liable for back taxes, interest and penalties. The federal tax code has rules about who can and can't be called an independent contractor.
An individual may be considered [by the state] to be an independent contractor for employee benefits or for income-tax filing purposes," says [Adam Saravay], "but the department may consider [an individual to be] an employee for unemployment insurance and for workers' compensation issues. It's a good idea to consult with a compensation attorney before making a determination. The order followed state payroll audits that found more than 26,000 workers had been misclassified as independent contractors in 2005, depriving state coffers of at least $5 million in gross income taxes and enabling businesses to avoid paying into the unemployment insurance and temporary disability insurance funds. An individual may be considered [by the state] to be an independent contractor for employee benefi...
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