Hiring Employees, Contractors or Family – Avoid Costly Tax and Payroll Mistakes

Description

Hiring someone to work in your business comes with important tax and payroll decisions, and getting them wrong can be costly. Whether you’re bringing on an employee, working with an independent contractor or hiring a family member, understanding the rules can help you avoid unexpected taxes, penalties and compliance issues while identifying potential tax benefits available to your business.

In this webinar, experts from Block Advisors by H&R Block will break down what small business owners need to know about worker classification and family hires. You’ll learn how to distinguish between employees and independent contractors, understand the factors that can affect classification and explore special considerations when hiring a spouse or child so you can make more informed decisions as your team grows.

Block Advisors will help you learn how to:

• Understand the differences between employees and independent contractors
• Recognize the factors that can determine how a worker should be classified
• Understand the potential tax, payroll and compliance consequences of misclassifying workers
• Explore potential tax and payroll benefits and requirements when employing children or other family members
• Understand key considerations when hiring a spouse or operating a business together