When hiring a W-2 employee, as their employer, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment taxes on their wages. On the other hand, you can hire 1099 independent contractors, in which you are not responsible for withholding and pa...
For example, certain healthcare organizations must have compliance programs as a condition for eligibility to participate in Medicare, and the Federal Acquisition Regulations require certain government contractors to have compliance programs. coso.org Enterprise Risk Management | Compliance Risk Management: ...