It’s getting so complicated to operate a business..it’s ridiculous.
Thanks for addressing the contractor vs employee issue.
We have required our contractors to fill out a W-9 for years or we simply won’t use them. If we don’t have one on file we are required to withold tax and remit to the government “on their behalf”. What company in their right mind wants to be in that position? Companies have probably increased the requirement due to OCare regs (temporarily put on hold) that ANY vendor used will be required to have a 1099 issued to them. Individuals, corps or vendors that sell supplies. Don’t ask me what that has to do with OCare.
Then...our workers comp carrier is requiring that contractors we use carry their own w/c policy or we are penalized.
Geez..I feel sorry for small contractors. I also feel the pain of companies that are trying to exist within the confines of the “rules” of state, federal and companies that they have to answer to.
“”Geez..I feel sorry for small contractors. I also feel the pain of companies that are trying to exist within the confines of the “rules” of state, federal and companies that they have to answer to””
I am one of those, have been for 35 years. I have to follow the rules very closely because I only do work for contractors on government projects. It is at the point now that I feel the only reason I am in business is to be a revenue collector for the government. The government has made it nearly impossible to be a legitimate contractor that follows all the rules. They do some pretty serious stuff to you if you get caught cheating their system.
Don’t ask me what that has to do with OCare.”
Nothing the government does has anything to do with anything except redundancy and stupidness. At least it dawned on someone that if they didn’t stop the 1099 nonsense IRS was going to be bombarded with a gazillion pieces of paper.
Again, the unfortunate thing is different government entities including the House and Senate keep passing bills and mandate regulations that duplicate or even conflict with information required from another agency. The underground cash economy is growing by leaps and bounds and more and more people are just moving the cash from one pocket/person to another.
I moved out of the city into a small county that hates paperwork so only deal with the IRS and then only once a year. I consider myself fortunate to have the kind of business that could do this. Otherwise I’d shut the doors.