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New Changes following the Department of Labor’s Withdrawal of the Independent Contractor Rule

  • CMA
  • CPA (US)
  • HRCI
  • SHRM
New Changes following the Department of Labor’s Withdrawal of the Independent Contractor Rule

1 Credit

FREE

Subject Area

Business Law

Webinar Qualifies For

1 CPE credit of Business Law for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 PDC credit for SHRM Certified Professionals (Approval No. 21-2XFPS)

1 RCH credit for HRCI Certified Professionals (Approval No. 576835)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Course Description

Worker classification can be ambiguous and confusing. Classify your workers as independent contractors when they’re actually employees, and you’ll get hit with penalties.

That’s why it’s important to stay up-to-date with the latest independent contractor guidelines like the withdrawal of the 2021 new DOL rule.

On May 5th, 2021, the Department of Labor withdrew the “Independent Contractor Status under the Fair Labor Standards Act (FLSA)” final rule, which went into effect immediately on May 6th, 2021. This final ruling clarifies the standard for classification by determining whether an individual is in business for themselves or is economically dependent on an employer for work.

What’s the big deal about worker classification?

Correctly classifying your workers as employees or independent contractors impacts everything from taxes to benefits.

Whereas employees are on your payroll, independent contractors are not. Contractors are responsible for paying their own taxes and providing their own benefits, like insurance. And, the Fair Labor Standards Act (FLSA) covers eligible employees—not contractors—under minimum wage and overtime laws.

In this practical CPE webinar speaker, Cynthia Flynn will discuss employee classification and the use of independent contractors in the age of AB5 and the Department of Labor’s most recent rulings. Legislation and court rulings have reshaped California's worker classification landscape in an attempt to make compliance easier for employers.

Learning Objectives

  • To identify the nuts and bolts of the ABC test under AB5.
  • To recognize when a worker may meet an exemption under AB5 or AB2257.
  • To discuss the impact of Proposition 22 on businesses.
  • To analyze the impact of the recent Department of Labor rule for classifying independent contractors under the Fair Labor Standards Act (FLSA).
  • To develop an action plan to assess your business' compliance with AB5 and mitigate any risk.

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • HR Professionals
  • Human Resources Manager
  • Young CPA

Testimonial

4.4

(50)
38%
60%
2%
0%
0%

ES

Was very helpful with designation of independent contractor.

RI

Would be nice to finish a few minutes early

EA

Good

JF

Very informative