Salt Lake City Bookkeeping Blog

Recently we have had several clients that have been audited with the focus being the validity of  independent contractors.  Many businesses pay a vendor as an independent contractor.  Here is a quick guide for you to determine if a vendor is an independent contractor and how to document each contractor to ensure you have the proper proof.

Independent contractors are becoming a hot topic with small businesses and the IRS.  The IRS is becoming stricter with its regulations and seems to be focusing on small businesses to stay in compliance and follow these rules.  I will give you a quick overview of 1099's/independent contractors.