Posts tagged INGCO International
Worker misclassification could cost big bucks for small businesses
February 22, 2024 // Audited companies found to have misclassified employees face significant penalties. Just federally that means repaying all the employer portions of taxes that had been paid by employees and a portion of the employee contribution. There are also interest and penalty costs. “That’s just the tax piece,” Panning said. “If there’s a class action lawsuit by these independent contractors saying we’re employees, we deserve the benefits, then it’s even more because you get into the court system.”