On March 11, employers will need to start applying a new rule from the Department of Labor (DOL) when classifying workers as employees or independent contractors. The deadline is fast approaching, and as employers prepare to meet it, they may need to consider several factors — including those issued by other agencies.

When working to comply with the new rules, there is an incentive to get it right from day one. Starting March 11, employers that misclassify independent contractors can be liable for back taxes from that date forward, said Matt Fuhrman, founder and CEO of Core Group Resources, a global staffing company. READ MORE