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Before 2004, Dynamex classified all of its California drivers as employees and compensated them in accordance with California’s wage and hour laws. [4] But starting in 2004, the company chose to classify all of its drivers as independent contractors in order to achieve cost savings associated with avoiding the obligations that those laws ...
The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
In May 2020, California Attorney General Xavier Becerra sued Uber and Lyft, alleging the ride-hailing companies had misclassified their drivers as "independent contractors" rather than "employees" in violation of AB5. The suit alleged that Uber and Lyft denied their workers mandated "employee" benefits and protections such as minimum wage and ...
The independent contractor files a Form 1040, just like an employee. However, there is a significant difference in how income is reported for contractors. However, there is a significant ...
Independent contractors are self-employed individuals or freelancers operating in an independent trade, profession or business. In this guide, we take a closer look at what it means to be an ...
These corporations were built on a business model of treating their drivers as independent contractors, not employees, so that the corporations can avoid paying premiums for Social Security ...