Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one-minute moment.
Dr. Friday 0:12
Misclassified workers remain a priority for the IRS. They now have their own division within the IRS trying to identify misclassified workers. The reason is firms are trying to circumvent payroll taxes. They’re treating them as independent contractors which means that they are not getting the payroll tax than they would if you’re an employee. Employers have to pay tax employees to pay taxes. When you’re self-employed only the self-employed pay one-half of that tax. It’s a great way if you’re truly self-employed to put more money in your pocket. But if you’re caught, the penalties will not be worth the amount of money you have saved. Call me at 615-367-0819.
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.