Independent Contractors: Risks and Rewards - Executive Briefing for Silicon Valley Executives on Thursday, June 4, 2009
The State Budget Deficit and the National Economic Crisis Are Causing Regulators to Aggressively Investigate Companies Who Use Independent Contractors - Learn How to Mitigate Your Risks and Why You Should Take Action Today
San Francisco, CA (PRWEB) May 28, 2009 -- By popular demand Collabrus (www.collabrus.com) will be hosting another executive briefing on June 4th in Mountain View, California. The program is titled: "Independent Contractors - Balancing the Risks and Rewards: How to Mitigate the Risks Involved with Using Independent Contractors in Your Company" and is geared towards senior executives and managers who are involved with the use of contingent labor and want to mitigate their risks.
Using Independent Contractors has become a vital component of workforce planning in today's marketplace. This is particularly true in Silicon Valley where there is still a dearth of qualified talent in many job categories. But using a contingent workforce can expose an organization to significant risk. The IRS, EDD and numerous other government agencies have made tracking down misclassified Independent Contractors a top priority. Their motivation is to close what they call the "Tax Gap" - the estimated $35 billion per year in income taxes and unpaid employment taxes that are not collected due to the misclassification of workers. The combined back taxes, penalties and interest a company may face for violations can reach into the millions of dollars.
"Employers are now facing the perfect storm here in California," said Dorinda Parker, General Manager of Collabrus. "The combination of highly compensated independent contractors, money-starved regulatory agencies, and a volatile job market make this a perilous time for companies that use contingent labor. We're finding that many executives want to learn about solutions which enable them to mitigate their risks and lower the costs associated with using contingent labor."
The event is tailored to senior executives in Human Resources, Finance, Procurement, and Legal from Silicon Valley companies who use contingent labor. At the briefing attendees will learn:
| | - Why the IRS and state enforcement agencies are becoming more aggressive in their investigations of worker misclassification
- The 5 most dangerous assumptions of using Independent Contractors and how to avoid them
- The most common triggers for a compliance audit and the potential financial implications if you are audited
- Critical facts about California's budget crisis and the proposed new legislation that could directly affect your company's bottom line
- Simple steps you can take to mitigate the risks involved with using Independent Contractors in your business
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The featured speaker will be Walter Branam who has over 30 years experience working with tax and labor issues through his audit and management work at the California Employment Development Department (EDD). As a former Tax Auditor, Tax Administrator, EDD's first Taxpayer Rights Advocate and designer of the EDD's Settlement Program, Walt's knowledge of Federal and State employment laws, regulations, and audit criteria provides valuable insight into how to prevent worker misclassification. Walt has been a keynote speaker with the California Bar Association, Committee on Taxation, and a highly requested speaker by numerous professional groups. Walt brings his expertise to the private sector as the in-house Specialist for Compliance Services at Collabrus Inc.
Event summary:
| | - Who: Human Resources, Finance, Procurement, Legal executives at Silicon Valley companies who use contingent labor
- What: Complimentary breakfast briefing that will educate you on the issues and solutions, including a Q&;A session with our world-class compliance expert
- When: Thursday, June 4th, 2009. 8:30 - 10:00am, Breakfast served at 8:00am
- Where: The Computer History Museum, 1401 N Shoreline Blvd, Mountain View, CA
- RSVP: If you are interested in attending this briefing please contact: Alicia Gousis, 415-391-1038 x222, agousis(at)collabrus(dot)com
- This briefing has been qualified for 1.5 hours of HRCI credits.
- There is no cost to attend, but space is limited, so make sure you sign up early.
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Contacts:
Kimball Norup
Chief Marketing Officer
415-391-1038 x230
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