Independent Contractor Misclassification and Compliance News: January, 2020

misclassification and compliance news

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. AB5 Takes Effect In 2019, California passed…

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Top 7 Financial Considerations When Starting a Small Business

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When starting a small business, there are many financial considerations to take into account. Yes, defining and marketing your services is a big piece of the puzzle but in order to make a sustainable income and operate compliantly, finances should be taken into account as well. Here are six financial management topics that you’ll want…

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What to Know Before Starting a Freelance Career

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If you’re considering going independent and starting your own business, you’re not alone. More than 41 million Americans currently work as freelancers, consultants, temporary or on-call workers and the trend towards self-employment isn’t going away any time soon. While going independent has many benefits including better work-life flexibility, increased job satisfaction and the opportunity to…

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Consulting Terms Glossary: Definitions You Need to Know

Consulting Terms Glossary Definitions You Need to Know

As the independent workforce continues to grow and evolve, so does the vocabulary of terminology that surrounds it. Here are a few of the most commonly used and confused terms you’ll come across in the industry. 1. W-2 vs. 1099 Worker classification is a complicated issue that has a big impact on contractor engagement. W-2s…

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Top 5 In Demand Consulting Jobs for Entrepreneurs

How to Sell Your Consulting Services

The decision to pursue independent work as a consultant, freelancer, contractor, temporary, or on-call worker is no longer a novel concept. Today, 41 million Americans pursue this type of work, adding to the growing independent workforce. For many, working independently is an opportunity to find better work-life flexibility, build valuable skills, and be your own…

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4 Ways the Independent Workforce Can Help Grow your Business in 2020

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Today, 41 million Americans work as consultants, freelancers, contractors, temporary, or on-call workers. This independent workforce is a growing and powerful economic force that is shaping the way organizations accomplish their goals. Incorporating independent professional talent as part of a company’s workforce is a practice that is becoming more common and accepted across a wide…

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5 Things You Need to Know about IR35

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IR35 refers to a set of UK legislation designed to combat tax avoidance by independent contractors and the businesses that engage them. This shifts the responsibility of worker classification, as well as the associated risks, to the businesses. Despite widespread negative industry feedback, IR35 changes will go into effect in the Private Sector in April…

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