Two bills were recently introduced that would create a new independent-contractor safe harbor for federal tax purposes.
The Coalition to Promote Independent Entrepreneurs is very appreciative of the action announced today by U.S. Secretary of Labor Alex Acosta to withdraw Administrator’s Interpretation 2015-1. This Obama-Administration guidance document represented a significant expansion of the “economic realities” test used to define the term “employee” for purposes of the Fair Labor Standards Act (“FLSA”), which created substantial uncertainty as to… Read more →
A new Executive Order that President Trump issued on February 24, 2017, provides stakeholders with new opportunities for pursuing their administrative objectives. The Executive Order requires the “head of each agency” to designate an agency official as its Regulatory Reform Officer (“RRO”) within 60 days of the date of the order. Each RRO is responsible for overseeing its agency’s regulatory… Read more →
The U.S. Department of Labor, Wage and Hour Division (“WHD”) recently expanded the reach of its worker misclassification initiative by entering into a Memorandum of Understanding (“MOU”) with the South Dakota Department of Labor and Regulation, Division of Labor and Management. The MOU was signed on May 24, 2016. This is the 30th MOU that the WHD has entered into… Read more →
At a recent hearing before the U.S. House of Representatives Committee on Small Business certain Members and witnesses expressed concern that current tax laws are outdated and burdensome to companies in the “sharing economy.” The hearing, titled, “The Sharing Economy: A Taxing Experience for New Entrepreneurs, Part I” was held on May 24, 2016. Committee Chairman Steve Chabot (R-OH) observed… Read more →