|
|
|
|
Happy Independence Day
|
|---|
With the long Fourth of July weekend about to start, many of you have likely already started planning your barbecues and fireworks displays. However, you don't want to overlook the content this week.
This issue features valuable information on classifying your workers, news on the current state of outsourcing, and proof that Google isn't the only game in town. |
| Patrick Harbin – Editor
|
|
|
|
Employee or Independent Contractor? |
Determining whether an organization's workers are employees or independent contractors is an important decision that directly affects AP. Making the wrong decision can turn into a reporting nightmare.
Nearly 30 percent of all current IRS audits focus on worker classification. The IRS recently ruled that Federal Express' 15,000 drivers are employees, not contractors, meaning the company may face:
- $319 million in taxes and penalties for a 2002 audit.
- $1 billion in taxes and penalties for the 2004-2006 audit.
- Numerous lawsuits from former FedEx drivers.
To avoid similar situations, organizations should make sure they correctly classify their workers. Sign up for The Accounts Payable Network's upcoming audio conference, Determining Whether Your Contractor Is Really an Employee, featuring Denise Johnson, General Counsel and Tax Compliance Manager, Balance Consulting LLC. Find out what the IRS says about classification.
|
|
| Is 2008 a Banner Year for Outsourcing? |
|
According to a recent survey released by FAO Research Inc, 2008 is shaping up to be the strongest year for finance and accounting outsourcing due to the recent economic slowdown. Read the story on TAPC.
|
|
|
Just for Fun! |
Have you become too dependent on Google's search engine and other products? Believe it or not, but there are actually other useful online applications!
Check out 10 Useful Apps to Reduce Your Dependency on Google Products. While some of these applications may not be as useful as their Google counterparts, it never hurts to diversify.
|
|
