The U.S. Labor Department has withdrawn its employee-independent contractor classification rule. The rule would have generally found “gig economy” and certain other workers to be independent contractors under federal labor law. The Trump era rule, intended to take effect on March 8, 2021, would have reaffirmed an “economic reality” test to determine whether an individual is in business for him- or herself (independent contractor) or is economically dependent on a potential employer for work (FLSA employee). It identified two “core factors” as most probative to whether a worker is economically dependent on someone else’s business or is in business for him- or herself. Call or visit our website for more information! www.mjscpa.com/
