NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Wednesday, April 21, 2010

Misclassifying Employees as Independent Contractors Can Be Costly

Over the years, companies have developed alternative working arrangements with their workers. One such arrangement is Independent Contractor. Independent Contractors are not covered by company benefit plans, and payroll withholdings and deductions do not apply. They are not entitled to statutory benefits and protections afforded to traditional employees, such as unemployment compensation and workers’ compensation.

Misclassifying individuals as Independent Contractors can result in many forms of liability. Stepped-up enforcement actions by the IRS and the federal government will likely increase the risks of misclassification.

Now the Obama Administration is weighing in on the misclassification of employees. Obama’s 2011 budget includes funds to start a joint initiative between the Department of Labor and the Department of the Treasury to eliminate legal incentives for employers to misclassify their employees.

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