Finance News & Insights

New Fed ruling will change the way you pay independent contractors

You may be able to safely classify more workers as independent contractors, thanks to a new ruling by the National Labor Relations Board (NLRB).
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Latest DOL FLSA enforcement tactic: Monitoring through consultants

Employers are well aware of the steep fines and penalties the DOL can impose for misclassifying workers.   [Read more…]

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As states share info with DOL, a refresher course on dealing with ICs

Pennsylvania just joined the growing list of states that pledged to work with the Department of Labor (DOL) in preventing employers from misclassifying full-time employees as independent contractors (ICs). Will your state be next?   [Read more…]

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Is $100M settlement actually a win for Uber?

In the latest chapter of two highly publicized lawsuits involving independent contractors (ICs), Uber is officially on the hook for $100 million to its drivers. But did the ride-hailing company actually come out on top with this settlement?   [Read more…]

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Penalty for misclassifying new hires as ICs: $150k

Here’s another example of how misclassifying workers as independent contractors can get you in serious – and expensive – trouble.   [Read more…]

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2 new rulings will make you question your company’s independent contractor calls

Wait! Before your Accounts Payable departments cuts another check for an independent contractor, you’ll want to take a look at two major court rulings that came out in recent weeks.  [Read more…]

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Costly FLSA landmine lurks in new Obamacare rules

As we move toward 2014, many CFOs see relying more heavily on independent contractors as an attractive Obamacare strategy. But there’s a costly danger in this move that many firms may not be aware of. [Read more…]

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Never misclassify again: 7 defining factors of independent businesses

Misclassifying an employee as an independent contractor is a real problem for that employee, but also the employer. So, what are the surefire ways of identifying an independent business? [Read more…]

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Misclassification could cost you much more soon

If new proposed legislation passes, not only will employers face stiff penalties for misclassification errors, they’ll also have a number of new responsibilities under the Fair Labor Standards Act. [Read more…]

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Misclassification errors could cost cable company $1.6M

Here’s yet another example of just how serious the feds are about taking action against companies it believes incorrectly classified full-time employees as independent contractors (ICs). [Read more…]

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