The economic downturn has caused employers to try and drastically reduce their operating costs. Businesses across the country are hiring independent contractors as opposed to employees to avoid paying workers' compensation insurance, payroll taxes, and employee benefits. Employers working with independent contractors can also be attempting to avoid being hit with wrongful termination claims.
If you are a business owner accused of misclassifying employees as independent contractors, obtain experienced legal counsel. The tax ramifications for misclassifying independent contractors are serious enough to threaten your very ability to continue operating. Your personal assets could also be at risk where the corporate veil could be pierced over payroll and other employment-related obligations.
Offering Experienced Employment Tax Representation
I am David W. Klasing, a tax attorney with more than 18 years of experience. My legal team and I am committed to preserving your best interests in worker classification audits and against allegations that you owe payroll taxes. Whether you have concerns about corporate tax liability or employment tax, contact my law firm today to schedule a consultation at my law office in Los Angeles or Irvine, California.
Seeking to Mitigate Tax Implications Through Properly Classifying Employees
To avoid misclassification allegations, employers can proactively reach out to the government and ask them to confirm their employee and independent contractor classifications. This is an important step to avoid unnecessary tax implications, but seek experienced tax counsel before contacting authorities. The government will make their determination based on the information you provide them. If any information is overlooked or skewed, you could still be found responsible for misclassifying employees as independent contractors even after complying with the government's determination.
When you select the Tax Law Offices of David W. Klasing, my legal team and I will take every measure possible to protect your company from back taxes and penalties for misclassifications. We have an extensive background handling worker classification audits and know how to preserve your interests with minimal tax and legal implications.
Voluntary Worker Classification Settlement Program
Recently, the IRS announced a new Voluntary Worker Settlement Program to help employees obtain relief from federal payroll taxes they owe the government. This program is targeted at companies that are now compliant, after misclassifying employees as contractors. Employers accepted into the program will not incur interest or penalties.
Protecting Employers From Personal Liability
If you are a shareholder, business owner or an investor, you could be under investigation by the IRS if your company missed payroll taxes or failed reporting its withholdings. Obtain experienced legal counsel from a highly skilled Los Angeles employment tax lawyer. The IRS will not only go after your company but could also pursue action against you personally. My legal team and I are committed to protecting you from any financial and legal ramifications.
Contact a Highly Skilled Employment Tax Lawyer in Los Angeles
Whether you have corporate tax and employment tax concerns, contact my Orange County law office for a reduced-rate initial consultation with an experienced employment tax attorney in Los Angeles. My legal team and I are committed to helping you obtain a fresh financial start.
