Worker Classification News Today

I am a hairstylist working as a commissioned employee, not an independent contractor. My employer offers no benefits, so I have been doing it on my own with a Roth IRA and taxable brokerage account. Are there any other tax-advantaged options for my situation? -Darcy Yes, as an employee your options are more limited. If […] The post Ask an Advisor: I’m a Commissioned Employee But My Job Doesn’t Offer a Retirement Plan. What Are My Options? appeared first on SmartReads by Smar...

In a letter to the president, a trade group representing app-based companies launched a new volley at DOL’s direction.

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/PRNewswire/ -- Employment and labor law compliance technology company VirgilHR announced the closing of $1.5M in pre-seed funding with backing from Squadra...

Employment lawyers break down what HR leaders need to know about the worker classification rule

Employers are required to pay employment taxes to the IRS. Generally, these payments consist of two portions: the employee's portion of FICA and income taxes and the employer's portion of FICA and unemployment (FUTA) taxes.

Worker classification is one of the most common, recurring tax disputes. At its most basic level, the question boils down to this: Is the worker an employee or an independent contractor?

© Getty Images The Labor Department on Wednesday announced the withdrawal of the Trump-era independent contractor rule that allowed businesses to classify workers as independent contractors as opposed to employees. The administration’s move, effective Thursday, allows for workers considered "gig workers" to have minimum wage and overtime compensation protections under the Fair Labor Standards Act (FLSA). Employee classification has major implications for companies like Uber, Lyft and DoorDas...

In December the CRA announced new guidance for employees deducting home office expenses. These changes are likely to be welcomed by thousands of Canadian workers who suddenly find themselves...

The decision could have ripple effects across the ride-share industry and threaten its business model.