• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Q. Our company is hiring temporary workers for a big upcoming job. Do we have to treat them as employees? M.T.K., Brooklyn, N.Y.

Maybe. Whether or not you can treat workers as independent contractors, rather than employees, depends on your level of control, not temporary or permanent status. Assuming a temp worker earns more than $600 and is classified as an employee, you must withhold employment taxes on the wages just as your company does for other employees.

Tip: If the IRS reclassifies workers as employees, you could get hit with additional taxes, penalties and interest.

Online resource: Download our free white paper, Independent Contractor or Employee? How to Make the Call at www.smallbixtax.net. Click on Resources.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/10077/meet-employment-tax-obligations-for-temps "

Leave a Comment