Posted by Molly Nelson - Determining the proper classification of workers can be a tricky proposition for many small-business owners. Hiring workers as employees or as independent contractors can impact many aspects of operating your business - the amount of taxes you pay, the amount of taxes you withhold from workers' paychecks, what documents and information workers must provide to you, what tax documents you must give them - and a wrong classification could mean major headaches at tax time.
Don't forget to enjoy your last bit of summer, but be sure to check out these
tips on classification from the IRS after your Labor Day clambake!