By Steven D. Mercatante Esq.
 
Among your other job duties as an information reporter there is one that typically ranks at the top; avoiding risk. Risk is inherent in doing business therefore, the need to minimize risk is essential to maximizing organizational goals. If you fail to meet regulatory standards you are setting up your organization for unnecessary exposure to risks.
 
When it comes to regulatory compliance and setting internal controls these are goals mandated by the federal government for almost all organizations. Such goals are not optional and if you make a mistake because you were lax in your compliance efforts you will eventually get zapped. Among the risk that can cause the greatest pain there is one that ranks higher than just about any other does. The following article will identify what this risk and offer you some practical advice on how to mitigate just such a risk.
 
Incorrectly classifying your workers - a move ranking among the riskiest you can take. Among other things, you can face substantial fines as a repercussion for misclassifying workers as contractors when they are in fact employees. But why?