Dear Valued Clients and Visitors: As our nation responds to COVID-19, our firm is taking precautionary measures by closely following and reinforcing the guidelines from the CDC and local health authorities. Our physical office is open on an intermittent basis. However, please be assured that we are open for business and ready to serve your needs.

If you have a tax problem or inquiry please call and if we are not in leave a message. A return phone call will be made within a short period of time. Now is the time to address your tax matter. We remain committed to our clients and colleagues through these unusual times. Please stay safe and healthy.

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Finding Real Life Solutions To Your Tax Problem

Your Business And The IRS Employment Tax Initiative

You may have heard on the news about one of the major issues the IRS focuses on: businesses that treat employees as contractors. This problem is not limited to the gig economy. Many businesses bring on contractors who perform all the same roles, duties and functions of employees, taking advantage of the category difference when they do their taxes.

Over the past few years, the IRS implemented the Employment Tax Initiative, which puts increased scrutiny on businesses that use contractors and incentivizes businesses to make corrections to misclassifications with minimal tax penalties. Get advice on this program and others at 818-224-7935 or toll free at 888-408-9486.

Can You Take Advantage Of This Opportunity?

According to the IRS, the new Voluntary Classification Settlement Program (VCSP) “is designed to increase tax compliance and reduce burden for employers by providing greater certainty for employers, workers and the government.” Many businesses take advantage of this program, particularly if they have misclassified employees as contractors in the past, are not under audit and otherwise comply employment and tax laws.

Before you apply, you should have a comprehensive review of your business’s employment practices. It may be that your current contractor usage is fine or that there are other issues you should address in the course of this process. The only way to be certain is to obtain experienced and knowledgeable legal advice from a qualified attorney.

Get Your Business On The Right Path

At the Law Offices of Robert T. Leonard, APC, our Woodland Hills-based team offers comprehensive legal counsel for businesses dealing with the IRS. Our seasoned lawyer can offer you in-depth, personalized advice. Send us an email to get started.

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