Latest News
California AB 5 Restricts an Individual's Right to Work as an Independent Contractor
On September 18, 2019, California's Governor Gavin Newsom signed into law Assembly Bill 5, which launched California into a grand experiment that restricts an individual's right to work in that state as an independent contractor.
Tax Reform Creates New Benefit for Self-Employed
The Tax Cuts and Jobs Act created a new tax deduction - of up to 20% - for pass-through entities, which include certain independent contractors. The provision, codified as new Internal Revenue Code section 199A, applies for tax years beginning after December 31, 2017, but before January 1, 2026.
House Small Business Committee Hearing Considers Taxes and the Sharing Economy
0 Comments
/
At a recent hearing before the U.S. House of Representatives Committee on Small Business, certain Members and witnesses expressed concern that current tax laws are outdated and burdensome to companies in the “sharing economy.”
