Employee Vs. Contractor: What You Don’t Know Could Bankrupt You

Do you set the lesson rates for your independent-contractor music teachers? Do you provide the tools for your contracted repair techs? Do you have non-compete agreements for any contract labor at your store? Then you’ll want to be aware of the potential liability from an ever-increasing surge in labor audits. In many cases, classifying music teachers, repair techs and other employees as independent contractors can literally bankrupt your company. In this eye-opening half-hour, music industry accountants Alan Friedman, CPA, and Daniel Jobe of Friedman, Kannenberg & Co. will illustrate the potential cost of a labor audit gone wrong, and the steps you can take to prevent it.