2024 W2s vs 1099 - IRS Updates For Employers To Classify Independent Contractor vs Employees

Webinar Background & Agenda :

Misclassifying employees and independent contractors are getting costlier by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes! Find out how to defuse that ticking bomb by joining renowned payroll expert Vicki M. Lambert, CPP for this information packed webinar!

This webinar examines what the requirements are to correctly classify a worker as an independent contractor and also the requirements for when a worker must be classified as an employee.

This presentation will cover:

• What classifications of workers are permitted under IRS Rules
• What is the common law rule and how is it used to determine worker status
• What are the three factors the IRS uses to determine worker status and how to apply them correctly
• How the FLSA rules differ from the IRS rules and why you must follow both even as the FLSA regs are being updated in 2024
• How does the state trump both the IRS and the FLSA on determining independent contractor status with the ABC test for SUI
• What are the latest agreements or programs being used by the IRS, DOL and the states to “find” misclassified employees
• Using the Form SS-8 to your advantage to determine worker status
• Who gets a W-2 and who gets a 1099 and why it should never be the same worker
• Find out how easily a 1099 audit can be triggered and why the chances of getting one are on the rise
• What are the penalties for misclassifying an employee as an independent contractor and who assesses them.  It is not just the IRS you have to worry about.
• You found out you have a misclassified employee—now what?

About The Trainer : Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. With nearly 40 years of hands-on experience in all facets of payroll functions as well as over three decades as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues.  She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today. A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.