The New Economy Works to Guarantee Independence and Growth Act of 2019 (“NEW GIG” Act) (S. 700) would provide a safe harbor for determining worker classification. But it would increase reporting and other obligations for businesses (“service recipients”) using independent contractors. For example, there would be required income tax withholding on payments to independent contractors (5% of compensation not exceeding $20,000).
Barbara Weltman
Big Ideas for Small Business, Inc.
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