The IRS and state taxing agencies are auditing yoga studios and wellness businesses over the use of independent contractors. New York and California are targeting specifically the yoga community. If you are audited and you have misclassified your teachers as independent contractors, you may be liable for back taxes, fees and penalties.
As a business owner the burden is on you to prove that your teachers and other workers are independent contractors.
Do you know the difference between an independent contractor and an employee and have you properly classified your teachers and other workers?
This book has chapters on the federal and state laws on independent contractors, how to properly classify your teachers and workers, how to protect yourself from liability for misclassification, federal and state employment laws and tax issues.
Many studios are converting their independent contractors into employees because they no longer wish to face the risk of an audit. This book contains a new chapter on the conversion process, a checklist and extensive resources.
There are over 180 federal laws that regulate employees and every state has its own system of laws. Do you know the laws that govern the interviewing, hiring, managing and termination process? Are you using best practices for hiring and firing employees? Are you using professional employment agreements? All of these questions are answered in the book.
This book is a full color, 200 page PDF book. It includes 10 legal agreements (including model agreements for independent contractors and employees) and many other resources.