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Home > Stories > Ted Carlson, Certified Fraud Examiner, Las Vegas, NV

Because Ted Carlson has spent most of his career as an independent contractor working in various industries, it should come as no surprise that his latest venture—as a certified fraud examiner specializing in regulatory compliance—would seek to protect the independent contractor model.

—Ted Carlson, Certified Fraud Examiner, Las Vegas, NV
Ted Carlson

Because Ted Carlson has spent most of his career as an independent contractor working in various industries, it should come as no surprise that his latest venture—as a certified fraud examiner specializing in regulatory compliance—would seek to protect the independent contractor model.

“After working for a state workers’ compensation auditor’s office, I started my LLC and defended small business during their audits,” Ted says. “Later, I realized no one in the private sector had created a tool to ensure regulatory reporting compliance anywhere in America for independent contractors. Generally accepted accounting principles don’t address any compliance reporting programs for workers’ compensation or unemployment insurance.”

In response, Ted created the first cloud-based software programs for small businesses, such as independent contractors with employees, that calculate workers’ compensation premiums, unemployment insurance taxes, and prevailing wage project reports to ensure regulatory compliance in all 50 states. These integrated tools replace annual insurance audits that are more accurate than real-time “pay as you go” programs.

“We knew our software needed to have regulatory compliance policies built in, so small businesses just entered in hours and classifications in an easy-to-use format,” Ted says. “The integration into workers’ compensation insurance companies policies and calculating unemployment insurance tax policies was the hardest part. No one had ever tied these two taxes together in an accounting program.”

“One thing I know is that small businesses hate paperwork,” he concludes. “They usually have a bookkeeper, accountant, or CPA process their data. These folks don’t have a clue about compliance reporting. I was really tired of defending independent contractors myself, and decided to do something that allowed them to empower themselves instead.”

It’s My Business is a coalition of individuals and organizations that supports 10.3 million people who are exercising their right to work for themselves. We are raising awareness about the multi-front assault on independent contracting that is intensifying across America, threatening harmful consequences to the economy. Please help us support independent contractors. Read More
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