Is Sarbanes-Oxley compliance important for your company? The IRS conducts an average of 2,000 audits every year of companies who utilize independent contractors (ICs). Over the past six years, the IRS has reclassified over 500,000 workers and collected close to $1 billion in back taxes, interest, and penalties — often from companies that thought they were in compliance with the use of independent contractors (ICs). Sarbanes-Oxley and other recent IRS actions have changed the rules of employee and contractor classifications and most ICs must now be considered W-2 employees, especially if they work on-site and utilize company resources, or are supervised by an employee of the company.

ZeroChaos offers a validation and risk management (VRM) solution for this contract worker population. ZeroChaos’ web-based service mitigates risks, while making the initial validation and assessment process simple and easy for the IC. Utilizing the IRS 20 question test, and other Department of Labor requirements, ZeroChaos’ VRM is the solution for companies interested in managing risk.