Calculate Your Risk
The Risk Calculator is a simple tool to provide employers with an illustrative example of the financial damages resultant of 1099 worker misclassification. Often employers do not realize the extent of their risk exposure from non-compliance until it is too late.
Independent Contractors are highly utilized in the oil and gas industry. When their subject matter expertise is applied to a project they can lower costs and increase productivity, however, even one misclassification can cost companies hundreds of thousands of dollars including 1099 misclassification penalties in the event of an audit. Typically, Independent Contractors work in teams, and that means your financial risk is contingent upon proper classification of each contractor.
This calculator can help to illustrate your potential financial liabilities based on your teams of contractors.
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