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Strict guidelines determine who qualifies for 1099 contractor
status. If an IRS or EDD audit determines a company should
have treated a contractor as a W-2 employee the penalties
can be devastating. In addition to paying the employer’s
share of FICA taxes, a company that unintentionally misclassifies
workers must pay back taxes, income tax withholdings and damages.
Albany is dedicated to protecting companies from
the expensive penalties and fines that result when workers
are reclassified. Our 1099 Contractor Compliance Program includes:
• A detailed status review of a company's temporary
workforce.
• A compliant solution to paying contractors with recommendations
on the
classification eligibility of each consultant.
• Training for department managers and consultants
on compliance issues.
• A solution for converting ineligible 1099 contractors
to W-2 compliant status via our
payrolling program that reduces costs and limits liability
in the event of
reclassification.
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