According to the Government Accountability Office, independent contractors account for more than 7% of the U.S. workforce. They certainly have their place in the construction industry — be it as a specialized tradesperson, such as a carpenter, or as an IT or business consultant.
What Makes an Independent Contractor: Six Key Factors Construction Professionals Need to Know
Posted by bgoricki on Jan 15, 2016 11:28:53 AM
0 Comments Click here to read/write comments
Topics: Payroll Taxes, Construction, DOL, employee misclassification, IRS, Uncategorized
Department of Labor Says Most Contractors Are Actually Employees
Posted by bgoricki on Sep 28, 2015 11:14:54 AM
A recent move by the U.S. Department of Labor (DOL) could have far-reaching implications for businesses that hire contractors. Traditionally, such workers were not considered employees under the Fair Labor Standards Act (FLSA) and therefore not entitled to Social Security, Medicare, the Family and Medical Leave Act or health care under the Affordable Care Act. Now the Administration’s initiative to broaden the definition of “employee” is getting some support from the U.S. Supreme Court.
0 Comments Click here to read/write comments
Topics: Definition of Employee, DOL, Tax, Uncategorized