As of July 1, 2020, per Assembly Bill 5 (“AB 5”), a new test called the “ABC test” applies when determining employment status for workers’ compensation purposes. Independent Contractors Defined Individuals that receive 1099 forms. Your company does not withhold taxes. An Independent Contractor is someone who provides a service on a contractual basis. Independent […]
Independent Contractor Defined
People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers who are in an independent trade, business, or profession in which they offer their services to the general public are generally independent contractors. However, whether these people are independent contractors or employees depends on the facts in each case. The general […]
Independent Contractor (Self-Employed) Or Employee?
It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments […]
Know Who You’re Hiring – Independent Contractor (Self-employed) vs. Employee
A business may pay an independent contractor and an employee for the same or similar work, but there are important legal differences between the two. For the employee, the company withholds income tax, Social Security, and Medicare from wages paid. For the independent contractor, the company does not withhold taxes. Employment and labor laws also do not apply to independent contractors. […]
IN: Independent Contractor Or Employee: What’s The Difference?
Dear Valued Customer, What exactly is an “independent contractor”? According to the IRS, the general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done…but not only can […]
Does insurance cover damage from uprisings? What you need to know about filing claims
Businesses, homes and cars damaged or vandalized in the uprisings and civil unrest after the death of George Floyd in Minneapolis will be covered by most insurance policies. With few exceptions, auto, business and homeowner insurance policies cover property damage caused by such incidents, industry experts told USA TODAY. “I would expect anyone that has actual, […]
When civil unrest threatens homes, businesses and property
What happens when a riot or civil commotion breaks out in your town? No one wants to deal with property damage to their home or business due to rioting and unrest. Fortunately, there’s something called riot, vandalism, and civil commotion insurance. What Is Riot, Vandalism, and Civil Commotion Insurance? Basically just a unique form of […]
Civil Disorders and Insurance
Is property damage caused by riot, civil commotion and vandalism covered by standard insurance policies? When violent protests break out, home, business and car owners are often—and rightly—concerned about damage to their property. Property damage caused by riot, civil commotion and vandalism are generally covered under standard auto, business, and homeowners insurance policies. Depending on […]
Even Good Employers Get Sued: The Cost of Not Having EPLI Insurance
In today’s society many people sue first and ask questions later. Unfortunately, as an employer, there is a good chance that eventually one of your employees will sue your business. Employee lawsuits can be much more than just an inconvenience. They are expensive, distracting for your management team, and can quickly erode productivity and employee […]
EPLI Insurance and Employee Benefits in the Age of the Coronavirus
In a series of alerts, Michelman & Robinson will address the many issues facing employers once they begin to restart on-site operations as the coronavirus crisis eases and in what is to be the new normal. This installment focuses on the insurance issues employers need to be thinking about as they navigate the pandemic. The current […]
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