It’s difficult to know what the future of work might hold, but one thing is for certain – independent professionals are poised to be more important than ever before in years to come. Based on insights gathered from seven consecutive years of industry research, MBO Partners has just revealed 10 predictions for the future of the U.S. independent workforce – and the results may surprise you.
“It’s no secret that the number of Americans choosing independent work is growing. The very nature of work in America is changing rapidly, resulting in a fundamental shift in the landscape over the course of the next decade,” says Gene Zaino, CEO of MBO Partners.
“We need to do everything we can to foster innovation in this area and fully unleash the economic potential of the more than 40 million independent workers in the United States. Businesses, workers and policymakers all need to understand the impact of trends like automation and the skills gap on a major segment of our population to ensure America succeeds in the globally competitive economy now and into the future.”
MBO Partners developed a calculator that quantifies what we can: the IRS component of the risk. Our legal team scoured the IRS code and assembled the possible penalties into a single easy-to-use calculator.
Learn how to define and when to hire a 1099 independent contractor, temp or full time employee in order to avoid misclassification risks.