Payroll Audits Concern Accounting Staffing Agencies, Note TRC Professional Solutions

    NORCROSS, GA, June 06, 2013 /24-7PressRelease/ -- TRC Professional Solutions, a top finance staffing agency, notes that many small companies as well as accounting staffing agencies increasingly rely on contract workers. For small businesses, independent contractors provide an appealing way to keep the payroll budget lean. However, due to confusing tax laws, inadvertent misclassification of workers can occur that will likely result in nerve-wracking payroll audits.

Employment professionals at accounting staffing agencies such as TRC Professional Solutions explain that current tax laws do not make it easy to distinguish between full-time staff and contractors that are doing full-time work. This legal ambiguity can be difficult for even seasoned employers to navigate.

Statewide studies have shown that local businesses misclassify roughly 10% to 60% of their workers as independent contractors. Some small businesses may rely on contract workers to avoid hitting the 50-employee limit that requires them to subsidize employees' health insurance or pay a penalty under new federal healthcare laws in 2014.

"Contractors allow small businesses the flexibility to hire for particular projects, resulting in fewer tax obligations," says Angela Bland, Vice President of TRC Professional Solutions. "Contract workers provided through accounting staffing agencies are an effective way to reduce labor costs while producing quality work, but small businesses must be cautious to operate within tax law stipulations."

TRC Professional Solutions is a division of TRC Staffing Services, Inc., specializing in finance staffing and other professional staffing services. Their accounting staffing agency intimately understands the needs of small businesses, matching only the most qualified candidates with competitive employment opportunities.

For more information about accounting staffing agencies, please visit http://www.trcstaffing.com.

About TRC Staffing Services, Inc.:

TRC Staffing Services, Inc. is a full-service staffing solutions provider with more than 30 years of industry experience. Established in 1980, they are one of the largest privately held staffing firms in the country. Like his father, Brian Robinson (President and CEO of TRC Staffing Services, Inc.) remains focused on the idea that the marketplace continues to need a business built on principles and values, committed to providing the highest level of service in the industry. TRC Staffing Services, Inc. has 44 locations in 14 states, providing traditional, professional and technical staffing services, as well as management services to some of the country's leading companies.

For more information, visit http://www.trcstaffing.com.

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