Skip to main content

1099 ESSENTIALS Reporting of payments to Attorneys, Third parties, Sub-Contractors vs Employees


                                David E Sanders PhD
Dr. David is Keynote Speaker at Compliance key Inc.and is considered one of the worlds leading experts in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales & use taxes. internal controls, inventory management, cycle counting, record keeping and vendor, supplier management.
 Webinar Id: CIFTDS002
 10:00 AM PT | 01:00 PM ET
 10/20/2017
 Duration 90 mins 
Overview
In this ever changing world of business, it is critical that we correctly determine whether the individuals providing services to our companies are employees or independent contractors and per the statutes report such in the correct manner to avoid audits and other enforcement efforts. The employer also must be aware the with the Federal & State governments systems share any non compliance.

With this world of competitiveness, businesses are pushed to supply customers the best prices. One of the way companies are trying to cut expenses is reclassifying employees. Every business knows hiring employees can be increased hardship for businesses to provide benefits and pay increased wages, salaries with this some Employers might consider classify workers as Contractors.
The IRS states Employers need to be fully informed of the code and know how to determine Contractors vs. Employees to stay in compliance or face fines
Why should you attend this webinar?
This webinar will help all personnel, individuals, supervisors, managers and executives assess:
  1. Necessity of planning
  2. How to evaluate your systems strengths and weaknesses
  3. Will give you the knowledge you need for determination
  4. How to limit risks and costs with making decisions, 
  5. How to outline a plan 
  6. Acquire confidence to classify correctly
  7. Acquire confidence on the NEW 1099 Regulations Pub 1220
  8. Common Law Facts
Areas Covered in the Session:
This webinar will cover the following:
  • How to determine whether a worker is an employee or contractor
  • Help you avoid fines, interest and interest in these areas
  • Common Law Rules-Facts that provide evidence of the degree of control and independence
  • How to obtain help in the determination
  • Consequences of treating an employee as an independent contractor
  • IRS relief provisions for misclassified employees
  • Voluntary Classification Settlement Program (VCSP)
  • How to report information returns for contractors 1099's & 1096
  • Correct reporting of 1099's (different 1099s used by service)
Who can Benefit:
  • Human Resources Professionals
  • Business Owners
  • Department Managers
  • Managers, Supervisors
  • Team Leaders
  • Personnel Managers
  • Anyone with responsibility of hiring or acquiring service providers 

Compliance Key INC
717-208-8666

Comments

Popular posts from this blog

HIPAA changes 2018 and How to comply?

Compliance Key INC  -  HIPAA W ebinar                                                   Brian L Tuttle Brian Tuttle is Keynote Speaker at Compliance key Inc . He is Certified Professional in Health IT (CPHIT), Certified HIPAA Professional (CHP), Certified Business Resilience Auditor (CBRA) with over 17 years experience in Health IT and Compliance Consulting.     Webinar Id:   HIPHBLT001 10:00 AM PT | 01:00 PM ET  01/23/2018 Duration: 90 mins  Overview This lesson will be addressing how practice/business managers (or compliance offers) need to get their HIPAA house in order as HIPAA is now fully enforced and the government is not using kid gloves any more. It will also address major changes under the Omnibus Rule, Trump administration, and any other applicable updates for 2018 and beyon...

Strategies for Becoming a Business Partner to Your Healthcare Leaders.Compliance Key INC -

Compliance Key INC  -  Healthcare Training Online                                                    Jay Anstine Mr. Anstine's professional background includes working on the provider and the payer side of the market, for large for-profit and non-profit health systems, and small physician-owned entities. In tackling the countless regulatory and operational issues for these diverse organization types, he has developed a deep understanding of the business of healthcare and the regulations that govern the industry.  Webinar Id:  LSHCSJA022  10:00 AM PT | 01:00 PM ET  12/13/2017  Duration 60 mins  Overview All too often compliance is seen as an obstacle or otherwise viewed negatively by healthcare leaders. This presentation will discuss strategies and insights to help the compliance of...

SOX Compliance: Accounts Receivable Risks and Controls

Overview The accounts receivable process includes the sub-cycles of acquiring and accepting customer orders; writing sales contracts; granting customer credit; shipping or otherwise delivering products or services; billing and recording sales and lease transactions; maintaining and monitoring accounts receivable; instituting effective collection procedures; recording and controlling cash receipts; establishing pricing and promotional activities; and properly valuing receivable balances. In management's selection of procedures and techniques of control, the degree of control implemented is a matter of reasonable business judgment. The common guideline used in determining the degree of internal controls implementation is that the cost of a control should not exceed the benefit derived. The Order to Cash Process (O2C) Process is comprised of several sub-processes that must have a foundation of internal controls for SOX 404 certification process. This webinar wil...