Independent Contractor Misclassification and Compliance News: November, 2019

Independent Contractor Misclassification and Compliance News November, 2019

As the independent workforce continues to grow, so do the issues of worker compliance and misclassification. It is important for enterprises to remain informed about the latest laws, regulations, and developments surrounding these topics. Each month, we’ll bring you the latest news stories from around the web. 1. Illinois’ Human Rights Act Protects Independent Contractors…

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4 Small Business Partnerships to Develop for Business Growth

4 Small Business Partnerships to Develop for Business Growth

If you’re considering starting your own business, you probably have done some research and have a checklist of what you need to have in place to start off on the right foot. That list might include a business plan, marketing strategy, financial goals, or a host of other things that are key to building a…

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5 Questions to Ask Before Becoming Self Employed

5 Questions to Ask Before Becoming Self Employed

If you’re considering self-employment, there has never been a better time to make the leap to independence. Today, many individuals are pursuing an independent careers and companies are increasingly engaging independent talent. That’s not too surprising as self-employment offers many advantages such as the ability to pursue your passion, control your own schedule, and be…

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How to Make the Most of Black Friday as an Independent Contractor

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Tis the season… for holiday shopping, that is. The holidays are prime season for consumer spending, and there’s no reason why independent contractors can’t capitalize on Black Friday spending just like any other retailer. Last year, 174 million people went shopping online or in-store over Thanksgiving weekend, according to the National Retail Federation. And those…

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Why Does the IRS Care About Worker Classification?

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Contingent workers are a growing and increasingly prominent part of our workforce today. As more people choose independent work as a career path, the issue of worker misclassification is growing as well. The IRS estimates that millions of workers have been misclassified, and according to state-level studies, 10-20% of employers misclassify at least one worker…

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How to Claim a Mileage Tax Deduction in 2020

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Beyond the daily hustle and bustle of grocery store trips and errand runs, many independent consultants depend on their car as a means to get from project to project, or client to client. When the family van becomes the corporate car, it’s time to take advantage of deductions for business-related mileage. Here’s what you need…

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5 Traits of the Modern Independent Workforce

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The modern independent workforce embraces technology, works from anywhere in the world, and finds satisfaction in building a career out of their passion. These workers are finding their place in America’s larger workforce, bringing skilled expertise to fill critical job openings while enjoying the flexibility and lifestyle independent work offers. Organizations are increasingly recognizing the…

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Responding to the Growing Gig Economy

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Citing MBO Partners’ State of Independence in America Report, this article dives into the unique tax requirements of the independent workforce and how CPAs can help them sort out these complexities.

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5 Reasons to Join the Gig Economy in 2020 and Beyond

5 Reasons to Join the Gig Economy in 2020 and Beyond

The United States currently boasts 41.1 million independent workers—a tally that is expected to rise despite record low unemployment and some of the strongest jobs numbers in more than nearly two decades. 2020 may also be a tipping point. With roughly one-third of the private U.S. workforce already working as independent professionals combined with the…

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