If you're considered an independent contractor (i.e., a freelancer or contractual worker), you might want to find out more about the Fair Playing Field Act currently being considered in Congress.
Essentially, the act would eliminate an IRS regulation loophole that lets companies label workers as independent contractors if the business has "a reasonable basis" for the classification--and reports the contracted workers' compensation on 1099 forms.
The act also would require new federal guidelines on how to classify independent workers. You can read the entire bill online.
As an independent contractor myself, I'll definitely be keeping an eye on how this bill might effect my working relationships with client companies. Check back here for updates.
Until next time,
Sarah
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