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TD Accounting And Tax Services Blog
Employee or Independent Contractor
The IRS approach to assessing whether your worker(s) is an employee or IC breaks the 20-factor test into 3 areas: 1. Behavioral control. Includes factors such as instruction and training, setting hours, requiring reports. 2. Financial control. Includes manner of payment and who pays for any assistants or equipment, and other business expenses. 3. Relationship of the parties. Includes the right to hire and fire, number of clients the “IC” has, and the IC’s availability. Now the IRS has made th... READ MORE Posted July 29, 2011 at 07:10 PMTD Accounting And Tax Services Connections
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