How are Your Company’s Taxes Impacted by the New U.S. DOL Rule on Independent Contractors?

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In a growing gig economy, employers find much-needed clarity from the U.S. DOL’s latest new rule on independent contractors. But when it comes to tax implications, what can companies glean from the rule’s streamlining efforts, even if it doesn’t last under the Biden administration? Crowe & Dunlevy Taxation Practice Group attorney Christopher R. Haunschild weighs in on ideas, risks and gains associated with independent contractors, valuable aspects of the new rule and why companies could benefit from an audit of workers’ day-to-day See more +
In a growing gig economy, employers find much-needed clarity from the U.S. DOL’s latest new rule on independent contractors. But when it comes to tax implications, what can companies glean from the rule’s streamlining efforts, even if it doesn’t last under the Biden administration? Crowe & Dunlevy Taxation Practice Group attorney Christopher R. Haunschild weighs in on ideas, risks and gains associated with independent contractors, valuable aspects of the new rule and why companies could benefit from an audit of workers’ day-to-day activities. See less -
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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