Independent Contractor or Employee - Now What?
All too often employers make the mistake of misclassifying someone as an independent contractor rather than an employee. Jerry Kalish at the Retirement Plan Blog points us to two solutions when that error is made. The first deals with the retirement plan issue - in other words, how you get the person on the retirement plan without wrecking the plan? The other relates to the problem of payroll taxes. That is, once you've determined that the person should really be an employee, how do you handle the fact that you did not previously pay payroll taxes for this person? Well, Jerry has the answers. Take it away , Jerry.