We are all aware of the potential financial penalties that Independent Contractor (IC) or contract worker misclassification can bring to a company, some have even experienced it. These misclassification can be particularly debilitating to a company’s bottom line, and thoughtful risk mitigation policies need to be established. Based on testimonials from our current clients, potential clients and industry veterans, a number of practices aimed at reducing misclassification risk have been implemented by well-intentioned organizations. Do they work? Well, not all of them, but some work very well. Others work only in combination, while some are simply myths. For a variety of reasons, these myths are embraced and can be difficult to dispel. Consulting with 1099 compliance professional can help, but before we get into that let’s meet the myths through the eyes of a hiring manager. Myth #1: Contractor is Incorporated Some view articles of… [Read More]