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Archive for 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…
Read MoreHow to Make the Most of Black Friday as an Independent Contractor
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…
Read MoreWhy Does the IRS Care About Worker Classification?
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…
Read MoreThe New ‘Rich’ Breed of Gig Workers
Using MBO Partners’ research, this article describes a new breed of independent professionals that are revolutionizing the gig economy.
Read MoreHow to Claim a Mileage Tax Deduction in 2020
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…
Read MoreResponding to the Growing Gig Economy
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.
Read More5 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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