Independent Contractor Services
Are you concerned about the validation and ongoing compliance of your Independent Contractors (IC)?
Are you worried about the worker’s compensation classification of your contingent workers?
Are you aware of legislative/regulatory policies and changes towards Independent Contractors but don’t know how to address them within your back-office system?
If you answered yes to any of these questions, we are able to help you. More and more companies are inquiring about Independent Contractor risk and the solutions available to mitigate this risk. Over the past several years, the IRS has issued a number of classification guidelines and levied significant fines and penalties on companies that utilize Independent Contractors. As an Independent Contractor Validation and Management Company, we accept the responsibility of properly classifying Independent Contractors.
LEADING THE INDUSTRY IN IC SERVICES
For over 18 years, ICON has led the industry in providing Independent Contractor Validation and Management services. Unlike other providers that rely on a computerized, automated validation test, or a one-time review of the contractor's qualifications, ICON utilizes a “hands-on” human interactive process to validate and manage Independent Contractor workers throughout the length of the contractor's assignment. ICON's Independent Contractor validation process is centered on behavioral and financial control assessments as well as a review of the relationship between parties.
ICON's Independent Contractor Management Service includes:
- Classification Analysis & Determination based on the IRS 20 Factors Questionnaire
- Insurance Vetting
- Standardized web-based Onboarding Process
- On-going Classification Compliance Management
- Invoice - Payment Processing
- Advance Pay Option
- Legislative & Regulatory Expertise
- Client Indemnification
DON’T WORRY, WE HAVE THIS DOWN PAT
With legislative environments becoming increasingly complex, particularly in regards to independent workers and subsequent tax compliance, the correct classification of employees is critical. ICON handles this worry. If this sounds like a service that you would like to explore in more detail, click here to reach out to an ICON representative.