From category archives: Boulay

Accounting Advisory

Employee vs. Contractor: Why it’s important to properly classify your workers

As a small business, there are many factors to consider when classifying an individual as an employee or independent contractor. Hiring independent contractors often means a business can save money by reducing costs, such as, pensions, group health insurance and workers’ compensation insurance.

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Defenses up! Are you doing all you can to prevent fraud?

When it comes to fraud, employees are a natural culprit because they have the most immediate access to funds and materials. Fortunately, there are steps companies can take to reduce the chances of fraud. This article mentions some basic steps and shows how forensic accountants can be useful. A sidebar describes several key functions of manufacturing and distribution companies that are particularly vulnerable to employee fraud and, thus, demand special attention.

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