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6 Best Gig Work Websites

6 Best Gig Work Websites

Hiring experienced, reliable employees helps you, as a business owner, complete your project with efficiency and reliability. Independent contractors, otherwise known as gig workers, provide services based on a contractual agreement.
They have different behavioral control, financial control, and relationships with employers than W-2 employees. When it comes to hiring an independent contractor or subcontractor for your next project, do you know where to look? We’ve pulled together a few of our favorite resources to begin hiring your next independent contractor.

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1099-NEC vs 1099-MISC

1099-NEC vs 1099-MISC

In 2020, the rules for filing and submitting 1099-NEC and 1099-MISC tax forms changed. Moving forward, 1099-MISC forms are no longer used to submit nonemployee compensation. This separates nonemployee payments from miscellaneous payments and eliminates the confusion around form due dates.

Filing either 1099-NEC or 1099-MISC requires the completion of a Form 1096 as well. This is an Annual Summary and Transmittal of U.S. Information Returns that summarizes all of your 1099 files for the year. IRS uses this form to summarize the tax forms businesses send to hired workers.

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W-9 vs 1099

W9 vs 1099

As an employer hiring independent contractors, like construction workers, you need specific tax forms that differ from those given to full-time employees. The forms needed for 1099 workers include W-9 and 1099. Both forms provide the employer and employee with the correct tax files to ensure compliance with IRS regulations. The main difference between the forms is in files the form and what financial documentation is provided. Understanding the difference between these forms will help make sure you’re ready for tax season.

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Prop 22 Overturned by CA Supreme Court

Prop 22 Overturned by CA Supreme Court

Prop 22 is an initiative for rideshare drivers, like Uber, Lyft, and Doordash, to be classified as independent contractors instead of employees. It advocates that these workers would then be independent contractors who have the labor and wage policies specific to the companies they work for instead of employee benefits of overtime, paid sick leave, and health care.

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1099 Forms: What you need to know as a business owner

1099 Forms: What you need to know as a business owner

A 1099 form is a tax form specifically distributed to independent contractors. Correct distribution of 1099 forms keeps you in compliance with EDD’s strict classification guidelines. Independent contractor’s 1099 status differs from W-2 workers. Since the 2020 passage of AB-5, the Gig worker bill, the criteria for correct contractors and worker classification changed.

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What is an EDD Benefit Audit?

What is an EDD Benefit Audit

If you’re a business based in California, you’ve likely had dealings with the Employment Development Department (EDD). It is the responsibility of EDD to collect payroll taxes and conduct payroll tax audits of companies and businesses. In addition, EDD performs what’s called Unemployment Insurance (UI) benefit audits. The federal-state unemployment insurance system (UI) helps people who have lost their jobs by giving them temporary wage replacement. The purpose of the government benefit audits is to protect the integrity of the UI program.

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Biden Administration Revokes Employer Friendly Independent Contractor Test

Biden Administration Revokes Employer Friendly Independent Contractor Test

In early May of this year, the Biden Administration officially made the decision to revoke the previously adjusted Trump era ruling on independent contractor classification.

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CA EDD Updated Information Sheet Released

CA EDD Updated Information Sheet Released

For employers who hire both W-2 and 1099 contractor workers, it is essential that the criteria for a worker to be classified as a contractor are met. To meet those requirements, one has to actually understand the requirements… a task that the labyrinthine language of government entities does not make simple.

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July CSLB Report of Stings/ Sweeps and Contractor Audits

July CSLB Report of Stings/ Sweeps and Contractor Audits

CSLB Report of Stings/ Sweeps and Contractor Audits – On July 1st CSLB released the following article re: site sweeps. Are your workers correctly classified?

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EDD Freezing Thousands of Unemployment Debit Cards

EDD Freezing Thousands of Unemployment Debit Cards

Last year, 15 unemployed Californians brought a lawsuit against Bank of America for freezing their unemployment benefit debit cards. U.S. District Judge Vince Chhabria ruled in favor of the plaintiffs and prohibited B of A from freezing unemployment debit card accounts that were flagged as fraudulent through their “automated fraud filter.”

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