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) October 8, 2009 -- By popular demand Collabrus will be hosting another executive breakfast briefing on October 22nd in Mountain View, California. The program is titled "The Economic Recovery is on the Way- Are You Ready?" and the focus will be on how employers can gain all the benefits from using independent contractors or consultants while mitigating the risks.
Using Independent Contractors has become a vital component of workforce planning in today's marketplace. But this contingent workforce can expose organizations 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 Kimball Norup, SVP and 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. As we emerge from the recession and the US economy begins to enter a cautious recovery mode 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."
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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, the 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 Compliance Services Director at Collabrus Inc.
Who: Human Resources, Finance, Procurement, Legal executives at San Francisco Bay Area and 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, October 22, 2009. 8:30 - 10:00am, Breakfast served at 8:00am, program begins promptly at 8:30am.
Where: The Computer History Museum, 1401 N Shoreline Blvd, Mountain View, CA
RSVP: If you are interested in attending this briefing please contact: Karly Folkerson, 415-391-1038 x276, or by email: kfolkerson@collabrus.com
There is no cost to attend, but space is limited, so make sure you sign up early. This program has been approved for for 1.5 hours of HRCI credit.
For more information on this event, please visit: Collabrus Breakfast Briefing
See Also:
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- Schillings Win Apology and Substantial Damages for Madonna from The Mail on Sunday
- Colligo Networks' Reports Record Sales in Q3 2009
- Governor David Paterson Officially Proclaims 1st New York Week for the Animals October 10-18, 2009
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