The COVID crisis has brought to the forefront the problems that can happen when you have staff classified as independent contractors vs. employees. Now is the time to carefully evaluate your practice so that you can lay the ground work IF you need or want to change your business model in 2023 from IC to staff or IF you need to implement certain changes so that you can stay as you currently operate and not leave yourself open to audits.
Whether you are a practice owner who hires therapists, a therapist who is hired by a private practice, a home care agency, or hospital, or a therapist who holds themselves out to the public as an independent contractor, understanding what these classifications really mean is vital and has important ramifications for both parties. It is time to take this issue out of the gray matter and separate fact from fiction. California and NJ therapists are already living with NEW stringent classification systems.
This issue will be presented in detail from all perspectives as far as therapists are concerned, and from the vantage point of the Internal Revenue Service and the Labor Department, regardless of what state you live in. The onus, and all potential risk is on practice owners to properly classify the therapists and all personnel correctly – so lets get this right! Samples of actual audits on therapy practices were reviewed.
1) Understand the specific criteria used to determine whether a therapist should be deemed an employee or an independent contractor
2) Understand the rule of “Substance over Form “ application – why the substance of what a therapist does is far more important than the contract they sign!
3) Find out the specifics of what you can do to protect yourself if:
a. you want to classify a therapist as an IC
b. you want to classify some therapists as employees and some as ICs
4) Find out how to “clean” up your worker classifications before an audit AND what triggers an audit
5) Find out what to do if you think you are being misclassified
6) Ten steps to follow if you want to hold yourself out as an Independent Contractor
All participants will receive a template for an IC agreement
7) Find out why NOT to implement changes until 2023 but plan for them now including calculations for added costs
8) PROS and CONS of each classification in terms of the future value of your practice/entity
Included in the registration price:
a copy of the powerpoint
a copy of the worksheet – 10 steps to become an Independent Contractor
a template of an IC agreement
24/7/365 ACCESS TO THE REPLAY
Participants can receive a certificate of participation for 2.5 contact hours.
EARLY RATE REGISTRATION ends 5/9 Regular rate registration rate ($100) begins 5/10
Does this webinar qualify for CEUs? It depends on your state. Many states have approved this course to count for CEU credits because I outline how the course is relevant to OT,PT and ST practice, give a post webinar quiz that demonstrates competence and understanding of material and a certificate of completion. Check with your state.
Why Do I Give This Webinar??
SIMPLY PUT, THERAPISTS NEED TO KNOW THE FACTS!
**This webinar, presented by Iris Kimberg, MS PT OTR. is intended for educational and informational purposes services only and does not replace consultations with an attorney. I survived and won a 12 year battle with the NYS Labor Department on this very issue and had over 700 therapists working for my company. There is so much misinformation out there and it is so important that for the last 10 years, I have presented this webinar annually and for PPS of the APTA. She has consulted with many therapy practices who have faced audits from both the Labor Department and the IRS with positive outcomes.
** This webinar, presented by Iris Kimberg, MS PT OTR. is intended for educational and informational purposes services only and does not replace consultations with an attorney. (Iris survived and won a 12 year battle with the NYS Labor Department on this very issue!) Iris has presented this webinar over 8 times to over 600 therapists from 37 states and has also presented this topic for the PPS of the APTA. She has consulted with many therapy practices who have faced audits from both the Labor Department and the IRS with positive outcomes and has helped therapy practices covert to an employee driven model or for those who want to be an IC driven model, ways to mitigate their risk.