Date: November 21th, 2024

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

The gig economy is rapidly expanding, with a significant rise in gig workers, independent contractors (ICs), self-employed individuals, and remote workers across various industries. These professionals operate independently, typically under contract, and are not classified as employees of the companies they work with.

As trusted advisors, it’s essential for us to navigate the relevant IRS regulations effectively. Understanding the legal framework and compliance issues empowers us to guide clients in distinguishing between independent contractors and employees, helping them avoid costly penalties.

Topics Covered:

• IRS & DOL Tests for Determining Worker Status
• Safe Harbor Rules & Relief Provisions for Employers and Workers
• Key Court Decisions Impacting Worker Classification

The ongoing conflict over the classification of employees versus independent contractors highlights the importance of accurate worker classification—don’t wait until year-end to get it right!

Learning Objectives

• Define the distinctions between employees and independent contractors
• Assess the benefits and risks associated with independent contractor relationships
• Review annual planning considerations for worker classification

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement: Yes
• Session Duration: 120 minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Marcia L. Miller, MBA, EA is President and Owner of Financial Horizons, Inc. 

Marcia’s experience spans over four decades of Accounting, Tax and Management Consulting for a practice with emphasis on representing Small Business Owners in all aspects of Taxes, Employment & Labor Issues, Pensions, Estate Planning as well as Federal, State (Nationwide) and Foreign mandatory reporting.

As an author, webinar expert, and live speaker for various national companies & accounting organizations at their annual conferences, she has shared her expertise on a multitude of current business taxation and accounting topics