Workers Misclassification & Wage Theft: What Accountants, Controllers and CFOs Need to Know (170013-13)
Description
Employers cannot afford to be out of compliance with regulatory guidance
pertaining to worker classifications. Government lawyers and attorneys
representing employees are more aggressive than ever. This seminar will
explain IRS guidance, financial/legal risks of non-compliance, favorable
settlement programs, and how to mitigate the risks associated with
worker misclassification and nonpayment of overtime.
Learning Objectives
Participants will have an understanding of government rules applied to
determine who are employees, who are independent contractors, and when
employers are obligated to pay overtime wages
They will then be better
able to assess risk exposure, and be familiar with relief programs
available under IRS guidelines
Major Topics
IRS Guidelines – the 20-factor test
Other agencies’ rules governing
independent contractors versus employees, including: IWIF, the U.S.
Department of Labor, Licensing & Regulation (DLLR), the Maryland
Department of Labor, the EEOC, and the Maryland Commission on Civil
Rights
Maryland’s workplace fraud law governing landscapers and
contractors
Federal & State Enforcement Activity
The IRS’ Voluntary
Classification Settlement Program (VCSP)
Risk Management – protective
language
Independent contractor agreements
Retirement Benefit Plans
Wage-Hour Compliance
Who is Exempt
Who is Nonexempt
Salaried
Employees and the effect of docking workers’ pay.
Differences between
Maryland and federal wage-hour laws
