Business Management Daily (04/27/12)
The U.S. Internal Revenue Service allows employers to change the status of their workers from independent contractors to employees for future tax periods without being hit with penalties or interest under its Voluntary Classification Settlement Program. However, employers currently being audited by the IRS, the U.S. Department of Labor, or a state agency cannot participate in the VCSP. Employers have raised concerns about what constitutes a state-level audit and whether the six-year statute of limitations applies to an employer’s general payroll liability or just VCSP-related payroll liabilities. Paul Carlino of the IRS Office of Associate Chief Counsel says the IRS could apply the six-year statute of limitations to general payroll liability but does not intend to do so.
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.