How to Hire & Pay Independent Contractors
BerniePortal
SEPTEMBER 19, 2023
Independent contractors may be useful to your organization for many reasons, but you must remain compliant when hiring and paying them.
how-to-hire-pay-independent-contractors 
DOL Issues Final Independent Contractor Rule
InterWest Insurance Services
FEBRUARY 13, 2024
Department of Labor in January 2024 finalized a new federal rule that will make it more difficult for employers to classify workers as independent contractors. Companies who hire contractors that work exclusively for them will have the hardest time trying to continue classifying them as independent contractors.
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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits
Trending Sources
Contractor Overtime: Overtime Rules for Remote Contractors
HR Lineup
APRIL 2, 2024
With technological advancements enabling seamless communication and collaboration from virtually anywhere, remote contractors have become a vital part of many businesses’ operations. However, amidst the flexibility and convenience of remote work, questions often arise regarding overtime rules and regulations for these contractors.
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Which Jobs Could I Pay as a 1099 Contractor?
Stratus.HR
JUNE 6, 2022
Record high inflation coupled with low unemployment creates a tough recipe for business owners trying to hire. Many have considered options like hiring teens or enhancing their benefits package to attract more applicants. But what about an alternative solution like paying someone as a 1099 contractor?
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Independent Contractors vs. Employees: What employers need to know
Business Management Daily
AUGUST 2, 2022
It has been made even more complex in recent years due to the constantly shifting laws and guidelines regarding independent contractors. On June 3rd of 2022, the Department of Labor announced that it is developing a new proposed rule on determining employee or independent contractor status under the FLSA.
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The Tax Implications of Independent Contractors
Kollath CPA
MARCH 9, 2022
Are your employees really employees, or are they actually independent contractors? You don’t generally have to withhold or pay any taxes on payments to independent contractors, as you do with employees. You need to weigh all factors when determining whether a worker is an independent contractor.
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Employee or contractor? 6 common mistakes when classifying workers
Insperity
FEBRUARY 9, 2021
It’s a question with big ramifications that trips up many employers: Is my worker an employee or contractor ? Employee or contractor: basic information to help your business. If a worker meets the requirements for an employment relationship, they can’t be an independent contractor. Additionally, on Jan. 6, 2021, the U.S.
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Trucking Firms Have Difficult Choices in Wake of AB 5 Decision
InterWest Insurance Services
SEPTEMBER 13, 2022
Supreme Court’s decision to not hear an appeal of the sweeping California independent contractor law known as AB 5 is likely to cause serious personnel headaches for motor carriers in the Golden State. How the law works. They must be customarily engaged in an independent trade or occupation. . The effects.
Tips for hiring independent contractors
Business Management Daily
AUGUST 10, 2022
The use of freelancers or independent contractors has become increasingly popular over the past decade. However, all businesses can benefit from working with independent contractors. If you’re interested in hiring independent contractors for your business, keep reading to find out how to do it the right way.
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Ensuring payroll compliance in 2024: What’s new?
Business Management Daily
MAY 9, 2024
How does it do that? That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 to new IRS enforcement initiatives, there’s a lot of payroll administrators need to know. not signing up for your 401(k) plan).
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How to smoothly end an independent contractor relationship
Insperity
MARCH 31, 2022
Sometimes partnerships or contractor agreements must end due to issues with the quality of the work, a change in your business needs or a reduced budget for outsourced services. How can you successfully separate from these individuals while causing the least amount of turmoil? Ending a contractor relationship: legal factors.
What Are California Employment Laws 2024?
HR Lineup
APRIL 8, 2024
In addition to minimum wage requirements, California law mandates overtime pay for non-exempt employees who work more than eight hours in a workday or 40 hours in a workweek. Overtime pay is typically set at one and a half times the regular rate of pay. Failure to provide these breaks can result in penalties for employers.
Running Contractor Payroll the Right Way
Patriot Software
MARCH 28, 2022
Taking on an independent contractor is different than hiring an employee. There are differences in the forms you must gather, wage reporting, and how you pay contractors vs. employees. So, how do you run contractor payroll if it’s different from paying employees?
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Independent Contractor rules are about to change – again
Business Management Daily
DECEMBER 2, 2022
Independent contractor rules are about to change – again. Those rules would have made it simpler and more attractive for employers to use independent contractors. Using independent contractors versus employees. Independent contractors are responsible for their own tax payments. Take taxes.
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Common Tax Forms Employers Need to Know: A Complete Guide
HR Lineup
APRIL 23, 2024
This comprehensive guide will delve into the most common tax forms employers need to know, providing detailed insights into their purposes, and requirements and how to navigate them effectively. This includes independent contractors, freelancers, vendors, and other non-employees who have provided services to your business.
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October HR News Worth Review
Higginbotham
OCTOBER 13, 2022
Under the final rule, an employer-sponsored plan is affordable for family members if the portion of the annual premium the employee must pay for family coverage (the employee’s required contribution) does not exceed 9.5 DOL Proposes New Independent Contractor Classification Rule. 1, 2023 or after. 11, 2022, the U.S. 13, 2022.
Should You Hire a New Employee or an Independent Contractor for Short Term Projects?
Hppy
SEPTEMBER 4, 2021
You require the services of a contractor, especially when starting a small business. However, businesses grow fast, and when you start thinking of hiring to help out with the company. This article explores whether you should hire an independent contractor or an employee for short-term projects.
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The rise of gig workers: Adapting HR strategies for the contingent workforce
Higginbotham
NOVEMBER 15, 2023
One of the most powerful currents in this tide of change is the rise of gig workers, also known as contingent workers, freelancers or contractors. How many participate in the contingent workforce? American Opportunity Survey , 36 percent of all respondents identified as independent workers. According to the McKinsey & Co.
1099 vs W-2: The difference between employees and contractors
Business Management Daily
NOVEMBER 16, 2022
Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. What is a W-2? What is a 1099? When to send a 1099 vs. a W-2.
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New 1099-NEC forms: The myths and the need-to-know
Business Management Daily
NOVEMBER 16, 2020
Every business that hired independent contractors and expects to pay them at least $600 this year must now report on Form 1099-NEC. The form must be received by Independent contractors by February 1, the same day the IRS must receive your paper or electronic forms. Form 1099-MISC is out; Form 1099-NEC is in.
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What is a PEO and how can it help small businesses?
Higginbotham
AUGUST 19, 2022
Keep reading to learn more about how PEOs work and what businesses should consider before using a PEO. Hiring and managing employees requires significant resources. Hiring and managing employees requires significant resources. At the same time, companies often need employees in order to grow. So, what is a PEO?
The pros and cons of hiring independent contractors
Business Management Daily
SEPTEMBER 23, 2020
Not only do you want to find the right candidate to complete the job, but you want to ensure that you hire them under the best category to fit your business needs. What is an independent contractor. Independent contractors are self-employed workers. Independent contractor vs employee.
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Is ChatGPT Ready to Write Workers’ Compensation Decisions?
Workers' Compensation
MARCH 4, 2023
LAUNCHING OF AI LANGUAGE-BASED APPLICATIONS Recently a Judge in Columbia admitted to using an AI program, ChatGPT , in writing a decision on whether an autistic child’s insurance should pay the costs of medical treatment. The stated mission of CHAT-AI is, ”Creating safe artificial general intelligence that benefits all of humanity.”
Key considerations when updating a job description
Business Management Daily
MAY 1, 2024
Updating job descriptions is a common step when recruiting new hires, but many HR professionals or small business leaders overlook the need to update job descriptions regularly for current team members. List out all the must-have tasks and competencies that you need an employee to complete if hired for this position.
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Small business HR outsourcing options
Business Management Daily
OCTOBER 23, 2023
One option for small businesses that aren’t quite ready to hire in-house human resources support just yet is to outsource. One option for small businesses that aren’t quite ready to hire in-house human resources support just yet is to outsource. However, small businesses can’t always afford to hire in-house HR staff.
AI job descriptions: How to write them faster and avoid bias
Business Management Daily
MAY 15, 2024
The recent advances in artificial intelligence (AI) and tools like ChatGPT are revolutionizing how we all work. You can learn how to write a job description with AI and use AI models for your HR operations. Businesses and employees increasingly use AI for process automation, communications, and more.
5 Industry Trends Staffing Firms Should Be Aware of
Assurance Agency
MARCH 20, 2023
While there have been notable high profile hiring freezes and layoffs, the unemployment rate remains low. The new rule will likely require more workers to be classified as employees, rather than independent contractors. This increases the amount employers need to contribute toward premiums.
5 Industry Trends Staffing Firms Should Be Aware of
Assurance Agency
MARCH 20, 2023
While there have been notable high profile hiring freezes and layoffs, the unemployment rate remains low. The new rule will likely require more workers to be classified as employees, rather than independent contractors. This increases the amount employers need to contribute toward premiums.
10 ways to make the gig economy work for your business
Insperity
MARCH 26, 2024
Here’s what you should consider before engaging with gig workers, and how you can maximize your company’s potential for success in this evolving work landscape. Instead, the gig economy refers to workers who are hired by companies on a temporary basis to perform specific tasks or services, or to complete a certain project.
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Unlocking the digital frontier: hiring the next generation of tech talent
Workplace Insight
FEBRUARY 20, 2023
National borders are no longer a barrier when it comes to hiring workers, either as employees or as independent contractors, with strong digital natives are increasingly sought after. This also means that the world of employment , both for workers and enterprises, is necessarily evolving too.
How to set up a payroll process: 10 steps
Insperity
FEBRUARY 11, 2021
Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Hire an accountant to handle it. Using an automated payroll service can help you avoid hassles and headaches without being as costly as hiring an accountant.
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Everything you need to know about Form 1099-NEC
Business Management Daily
JANUARY 23, 2022
Here’s what you need to know about the 1099-NEC form and how to fill it out and file it. Previously, the 1099-MISC form was used to report income paid to independent contractors, vendors, and sole proprietors. This can include independent contractors, sole proprietors, and attorneys. What is form 1099-NEC?
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Misclassification: 16 Workers Held to be Employees
Workers' Compensation
AUGUST 3, 2022
The Commissioner’s finding that East Bay did not supply sufficient information to prove the workers’ independence under the ABC test’s prong C was not arbitrary, capricious, or unreasonable but rather was supported by the absence of record evidence as to that part of the test. Argued March 14, 2022 -- Decided August 2, 2022 FUENTES, P.J.A.D.
Construction Firm Tips for Avoiding Insurance Disasters
InterWest Insurance Services
JULY 26, 2022
For these reasons, it’s important that you understand your insurance coverages and that you know how to address any deficiencies that may exist in your risk management strategy. Also, keep track of new employees that you hire (or let go) during the course of the year, so that adjustments can be made to your policy.
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What are fringe benefits? What employers need to know
Insperity
JANUARY 27, 2022
Offering competitive pay is but one way to accomplish that, but there are other things you can do. perks or perquisites) are benefits you offer in addition to pay. The IRS’ Publication 15-B (2021) Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as “a form of pay for the performance of services.
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Charging employees for training? The CFPB wants to know
Business Management Daily
JUNE 17, 2022
There was the afternoon course over several weeks teaching new hires how to write according to the company’s style guide. (It Other questions request information from employers, employees, and even independent contractors. If yes, how did they evaluate your likelihood of repaying? How much is your debt?
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W-2 vs. 1099: Which workers get which?
Business Management Daily
AUGUST 10, 2021
Knowing whether the IRS views someone as your employee or as an independent contractor dictates tax obligations and associated paperwork, namely whether you bear responsibility for filing a W-2 or a 1099 for the individual in question. The Social Security Administration (SSA) receives Copy A. Copies B, C, and 2 go to the employee.
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Do I have to file a 1099?
Business Management Daily
DECEMBER 2, 2020
A 1099-NEC covers a wide variety of payments made to nonemployees – who could be freelancers, independent contractors, cleaning services, and more. However, the recipient is ultimately responsible for paying estimated income and self-employment taxes. All taxable payments made to employees must be included on their W-2s.
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Issue Commentary: Uber and Postmates Win Skirmish in California War Over Independent Contractor Status
The Workcomp Writer
MARCH 21, 2023
5th 903 (2018), the Supreme Court of California adopted the so-called “ABC test” to categorize workers as employees or independent contractors for the purposes of California wage orders. Under the ABC test, workers are presumed to be employees, and may only be classified as independent contractors if the hiring entity demonstrates: A.
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Historic worker-focused legislation could pass this year
Business Management Daily
MARCH 5, 2021
The Biden Administration has made it clear that pay equity and pro-labor legislation are key priorities. Nearly 60 years after the enactment of the Equal Pay Act (EPA) in 1963, the promise of equal pay for equal work has not been fulfilled. Equal pay is one of Biden’s top domestic priorities. The Paycheck Fairness Act.
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COVID-19 and the World of Freelancers
Global People Strategist
APRIL 7, 2020
Traditionally, gig-workers (such as those who work with Uber or Skip the Dishes), are considered contractors, and have not previously had access to unemployment benefits like what is offered to traditional, full-time employees. In addition, those who are traditionally self-employed (i.e.
10 Best Practices for HR Team Members Liaising With 1099 Contractors
Hppy
MAY 1, 2023
Human resources (HR) teams are essential in workplaces that want to staff healthy and happy employees, but where do 1099 contractors fall into this equation? Are we supposed to treat contractors like employees, or are there nuances that HR teams need to be aware of? Image Source: Unsplash 1. Always read their contract before signing.
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Arising out of?
Florida Workers' Comp
JUNE 20, 2023
Many of the defendants had been independent contractors instead of employees. They, therefore, struggled with the cost of hiring lawyers. I don't know how serious those lawyers were. It really only decided that the procedure in the case was not appropriate, that the party told to pay "$5.2 West American Ins.
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Independent contractors done right
Business Management Daily
OCTOBER 11, 2019
Independent contractors save organizations time, money and hassle by eliminating the hoops employers have to jump through to manage employees. Independent contractors assume responsibility for payroll taxes and workers’ compensation. Employers pay invoices to a 1099 worker—no overtime, no timecards, no problems.
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