Outsourcing payments for an independent contractor (IC) workforce streamlines administrative tasks, enhances compliance, and minimizes legal risks. A specialized third-party processor like Openforce offers tailored services, including insurance premium deductions, automated 1099 processing, SOC-II data security, and automated ID verifications. Such platforms improve transparency, maintain compliance with IRS guidelines, and create a clear audit trail, fostering stronger, compliant partnerships with ICs and reducing the potential for misclassification claims.

Join for free to read