The DOL New Final Rule on Independent Contractor vs. Employee Status – Benefits and Drawbacks : W-2s vs. 1099s

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03 May

The DOL New Final Rule on Independent Contractor vs. Employee Status – Benefits and Drawbacks : W-2s vs. 1099s

The DOL New Final Rule on Independent Contractor vs. Employee Status – Benefits and Drawbacks : W-2s vs. 1099s

Friday, May 3, 2024 (12:00 AM) to Thursday, May 30, 2024 (11:59 PM)
1.5 PDCs
Provider: Pedu
Course Name: The DOL New Final Rule on Independent Contractor vs. Employee Status – Benefits and Drawbacks : W-2s vs. 1099s

Speaker: Vicki M. Lambert
Program Type: Videoconferences, webcasts, audiocasts, podcasts, eBooks, self-directed E-Learning
Registration URL: https://pedu.io/product/dols-new-rule-on-independent-contractor-vs-employee-status

Email Details

Areas covered in this Training: DOLs New Rule on Independent Contractor & Employee Classification effective from March 11th, 2024 What’s the New Test that Determines Status What classifications of workers are permitted under IRS Rules What is the common law rule and how is it used to determine worker status What are the three factors the IRS uses to determine worker status and how to apply them correctly How the FLSA rules differ from the IRS rules and why you must follow both even as the FLSA regs are being update in 2024 How does the state trump both the IRS and the FLSA on determining independent contractor status with the ABC test for SUI What are the latest agreements or programs being used by the IRS, DOL and the states to “find” misclassified employees Using the Form SS-8 to your advantage to determine worker status Who gets a W-2 and who gets a 1099 and why it should never be the same worker Find out how easily a 1099 audit can be triggered and why the chances of getting one are on the rise What are the penalties for misclassifying an employee as an independent contractor and who assesses them. It is not just the IRS you have to worry about. You found out you have a misclassified employee—now what?

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The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of the federal Fair Labor Standards Act (FLSA) has been revised several times over the past decade. Now, the DOL is implementing a new final rule rescinding the employer-friendly test that was developed under the Trump administration. The new, more employee-friendly rule takes effect March 11, 2024. Misclassifying employees and independent contractors are getting costlier by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes! Find out how to defuse that ticking bomb by joining renowned payroll expert Vicki M. Lambert, CPP for this information packed webinar!