Independent Contractor Engagement Services
Are your managers aware of the risks associated with engaging Independent Contractors (ICs)?
The use of independent contractors to provide various types of services continues to grow in most industries. As a result, the number of IC misclassification audits and lawsuits has also increased.
Populus Group's ICES services help clients properly manage ICs, mitigating the risk and financial penalties associated with misclassification. Our compliance team designs programs for all sizes of programs and types of independent contractors. Every ICES program is customized to each client's unique contracting requirements, industry and locations.
Our Services
Evaluation & Education Services
- IC classification evaluations with industry specific templates
- Annual 1099 program review
- Risk assessment audits and consulting services
- Full compliance consulting services on corporate governance, labor law compliance, worker classification, fiscal compliance and SOX compliance
- Educational programs on 1099 compliance, co-employment and labor law compliance
Process Management
- IC evaluation and on-boarding management
- Creation of a tax defense file on each IC engagement
- Contract management
- SOW management
- Web based tools for evaluations and on-going management of IC engagements
- Invoice and payment processing and consolidation
Payment Services
- Solutions for engaging contractors either through a payroll solution (W2) Employer of Record (EoR) or Agent of Record (AoR) services
Reporting
- Enterprise reporting and analysis
- Required government recording and tax documentation filing
Benefits for Our Clients
Risk Mitigation - Through ICES clients mitigate the risk of worker re-classification preventing penalties, back tax assessments, interest payments and retroactive benefits.
Visibility & Reporting - We provide real-time visibility into processes, programs and all subsets of contingent labor spending.
Best-in-Class Strategies - We develop strategies for managing your ICs by providing centralized management of IC usage, internal review process for labor compliance, and clearly-classified contingent labor employee types. Our experts will facilitate all components of IC management, including evaluations, auditing and compliance reviews.