Classifying Staff: Employees Versus Independent Contractors - Exponent Philanthropy

Classifying Staff: Employees Versus Independent Contractors

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The question of whether to classify foundation staff as employees or independent contractors is a common one.

Reviewing the classification of a worker is necessary for any business that uses independent contractors or is thinking of using them because the consequences of misclassification can be severe. If the Internal Revenue Service finds a worker has been misclassified, you could face a large tax bill for back taxes and may find your benefit plans in jeopardy.

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