Sentences with phrase «as contractors independent»

Companies that depend on external partners, such as contractors independent service providers and marketplace sellers understand they have a similar cost exposure.

Not exact matches

Companies such as Uber and Instacart stand to save a ton of money on labor costs — up to 40 percent, according to one study — by continuing to classify their workers as independent contractors rather than as employees.

Ultimately, the news from Microsoft may also have a substantial side effect: forcing an increasing number of companies to take a second look to ensure they are correctly classifying temporary workers, either as W - 2 employees or independent contractors.

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

If the work product isn't up to snuff, the company may not have to remit payment and the independent contractor could suffer a loss as a result of the relationship.

Last week, California's Labor Commission ruled that Uber drivers should be classified as independent employees, not as contractors.

Uber's attraction as a small - business opportunity is that you're an independent contractor and on your own schedule.

The advantage is lower costs — independent contractors not only usually have their own vehicles that they maintain themselves but they insure them and themselves as well.

Worker misclassification often arises from a misunderstanding on the part of employers as to what constitutes an independent contractor.

Back in April, Uber settled class - action lawsuits with drivers in Massachusetts and California in an agreement that has Uber paying drivers up to $ 100 million but preserving the right to treat them as independent contractors.

However, 2014 could be more promising, as the Scorecard survey found that three in four small business owners plan to ease their dependence on independent contractors, which they tend to rely on when business feels shaky.

A California Supreme Court ruling on Monday will make it easier for workers in the gig economy, like Uber drivers or TaskRabbit gofers, to claim they are employees as opposed to independent contractors.

At Sid Simone Solutions, a promotional staffing and marketing company, everyone is hired as an independent contractor.

Companies such as Uber, Deliveroo, and TaskRabbit view those selling their services over the platform as independent contractors who do not get to enjoy the benefits that proper employees have.

But it covers such topics as filing requirements, quarterly estimated tax payments, self - employment taxes and special rules for vacation home rentals for independent contractors.

These drivers could be reclassified as employees of the company, rather than independent contractors, if the lawsuit prevails.

Consider yourself warned: The U.S. Department of Labor and the Internal Revenue Service are cracking down on companies that misclassify employees as independent contractors to avoid paying employment taxes.

Hired as independent contractors, mystery shoppers are «posers» operating in stealth - like fashion to assess your business operations.

If a third - party is paying you to mine coins, then you may be receiving payment as an independent contractor and you would be responsible for self - employment taxes.

What the public doesn't know is there are individuals who are independent contractors, such as psychologists, therapists, independent nurses, etc..

Agency - style businesses — like maid services and home healthcare, where the franchisee acts as a hub for independent contractors — are the hottest sector of franchising right now.

This industry is well suited to independent contractors with the skills to install environmentally friendly gear such as wind turbines, solar panels, and green roofs.

Sounds like this is violating people's right to privacy when they are individuals as independent contractors.

And as President Trump starts his term, it's worth noting the GOP platform itself highlights the growing role of independent contractors and entrepreneurs in the New Economy.

(As independent contractors, currently drivers take on all the risks and costs associated with maintaining, fueling, and insuring their cars).

In fact, other research shows that 90 percent of employers already use independent contractors to gain access to workers with specific skills as the need arises.

For example, ride - hailing apps such as Uber manipulate drivers, who are independent contractors and don't have scheduled shifts, to stay on the road longer.

Never has the U.S. government been more interested in whether a worker is properly classified as an independent contractor or W - 2 employee as right now.

To stay out of hot water with the IRS, be sure the workers you classify as independent contractors meet the IRS definition of an independent contractor.

Sometimes, Uber doesn't get its way, as happened when the California Labor Commission's Office ruled that a driver who had sued the company be treated as an employee as opposed to as an independent contractor.

If the IRS finds you've misclassified an employee as an independent contractor, you'll pay a percentage of income taxes that should have been withheld on the employee's wages and be liable for your share of the FICA and unemployment taxes, plus penalties and interest.

If there is a long - standing practice in your industry in treating certain workers as independent contractors, you probably can follow suit.

You can't treat some as employees and others as independent contractors.

There's no easy litmus test, though, as to determine who is an employee and who is an independent contractor.

Their concern is that many businesses classify workers as independent contractors when they're actually employees.

The bottom line is this: If a worker isn't hanging out their «shingle» to perform the same duties for others, it'll be difficult to classify that person as an independent contractor.

Workers who actively manage their own business where you don't exercise control over their «comings and goings» will most likely qualify as independent contractors.

Those that do will have have to do so as independent contractors, not as employees.

But when you have a legitimate basis for classifying a worker as an independent contractor, go ahead.

A: The IRS is most likely looking for workers you've classified as independent contractors.

If you're unsure about the proper designation, be sure to review the IRS website, as well as the Department of Labor websites at the federal and state levels, particularly their materials on distinguishing independent contractors from employees, and check your designations with your accountant and / or labor lawyer.

Caution should be exercised when classifying virtual employees as independent contractors.

The government contends that it loses millions, quite possibly billions, of dollars each year on workers who've been classified as independent contractors but who haven't voluntarily paid self - employment taxes.

The Fix: In early 2012, Spinak had «an epiphany» for how to improve the company's financials: Downsize to a core staff of four employees to oversee the business structure, and then rely on a stable of independent contractors to fill other roles that were needed less consistently, such as account executives, Web designers, graphic designers, copywriters and videographers.

Its «dashers,» otherwise known as drivers, are independent contractors, just like Uber and Lyft's workers.

The first guideline — released in July 2015 on a now - deleted page of the DOL's website — addressed the issue of misclassifying employees as independent contractors.

She recently got a consulting gig and the client will pay her $ 50,000 as an independent contractor.

The cofounder and CEO of Thumbtack has kept a close eye on the rise of the «gig economy» — or on - demand, short - term, unskilled jobs where employees are usually referred to as independent contractors — and he doesn't see how it could provide people with meaningful sources of income long - term.

ROBB SPEARMAN: For those realtors in my office who've gone from a full - time job where they have health benefits into a commission - type paying position as an independent contractor, it's a key issue for them.

Indeed, independent contractors are twice as likely as employees to report that they do not have health insurance.