Mindlance Payroll Services provide a comprehensive approach to transitioning client-identified independent contractors onto Mindlance rolls and managing HR, administrative and regulatory compliance. We minimize your exposure to IRS 1099 reclassification and co-employment risks while reducing contractor-related costs and maintaining the ability to rapidly deploy talented professionals. With Mindlance Payroll Service, you will reduce administrative costs and gain insight into your services spending
Risk Assessment & Mitigation
Minimize the Risk of Using Contractors and Consultants – Contractors, consultants, and freelance workers offer a company convenience, cost-effectiveness and flexibility, but those advantages come with risks. As a contingent workforce staffing company, Mindlance can help you navigate the legal details and avoid fines, Sarbanes-Oxley violations, and class-action lawsuits. Mindlance has solutions to help you mitigate your risk.
Eliminate IRS 1099 Reclassification Risk
Engaging contractors as 1099s exposes companies to the risk of IRS 1099 Reclassification and the penalties that come with it. Mindlance can eliminate that risk by assessing your independent contractors for compliance with IRS regulations and offering safe W-2 employment to anyone not in compliance. Our approach appeals to even the most independent professionals, and we successfully convert over 95% of client-referred 1099 contractors to W-2 employment.
Mindlance also provides General Liability, Workers' Compensation, and other required insurances, all of which further reduce risk.
Consolidation & Administration
Our contractor engagement solution is the preferred method to quickly and cost-effectively work with virtually any independent contractor. Our administration and contractor payroll and consolidation services make it easy to engage, pay, and manage your independent contractors, centralizing them under a single contract. The result: enterprise-wide consistency, minimal administration, and huge cost savings.
Mindlance contractor payrolling is configurable to your needs. Our system supports contract talent regardless of industry, billing rate, or location – even contractors working abroad. Our Payment Services Unit handles W-2 workers, 1099 independent contractors and small businesses. Mindlance can accommodate a wide variety of assignment types (hourly, project-based, and fixed-price) and pay cycles (weekly, bi-weekly, and monthly) and can also provide advanced payments for contractors, pending the client’s credit review.
Very Low Cost
The average cost of Mindlance’s Payroll Service is only 5% of the contractor's billings, a fee that can be absorbed by the client or allocated in part or in its entirety to the independent contractors by adjusting their rates.
Experienced with the Inexperienced
When contractors who are new to working independently are referred to Mindlance, we help convert their pay rates to billing rates that account for appropriate taxes. This promotes the smoothest possible transition for even the most inexperienced