Classifying a worker an “employee” versus an “independent contractor” is not as simple as checking whether they receive a W-2 or a 1099. The U.S. Department of Labor (DOL) uses the economic reality ...
An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three categories of evidence to determine if someone is an independent contractor or ...
Before your business hires workers, you have a big decision to make: Will they be classified as employees or independent contractors? Here are some factors to consider from a business perspective and ...
Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...
The Eleventh Circuit Court of Appeals gave more guidance to employers on the “economic reality test” used to distinguish employees from independent contractors under the Fair Labor Standards Act (FLSA ...
Engaging independent contractors has many benefits for companies, but misclassifying these employees can pose significant financial risk. Companies and their counsel should stay up to date on the ...