Did you know that the IRS and the Department of Labor have teamed up to audit businesses? If that doesn’t make you shake in your boots, you either don’t employ any contractors or you are hopelessly naive about what a fun and exciting thing it is to have the IRS and the DOL descend upon your business at the same time.
Many small businesses use contractors, and it’s fine if you do. But, you need to make sure that your contractors are actually contractors and not, what the IRS calls, “common-law employees.”
To keep reading click here: 5 Things You Need to Know About Hiring Contractors