CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

The Department of Labor Withdrawal for Independent Contractors

  • CMA
  • CPA (US)
  • HRCI
  • SHRM
Independent Contractors CPE Course

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-SWE2A)

1 RCH credit for HRCI Certified Professionals (Approval No. 564373)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Financial Intelligence for Entrepreneurs, Executives, and Directors

(1)

Oct 25, 2021 | 09:00 AM EDT View Details

Are You Ready for a Capital Campaign?

Oct 25, 2021 | 09:00 AM EDT View Details

Differences between IFRS and GAAP

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Corporate External Financial Reporting Decisions

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Oct 25, 2021 | 10:00 AM EDT View Details

Everything You Need to Know About Partnerships

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Oct 25, 2021 | 10:00 AM EDT View Details

Basis Calculations & Distributions For Pass-thru Entity Owners Schedule K-1 Analysis (Latest)

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Oct 25, 2021 | 10:00 AM EDT View Details

Basic Concepts of Fixed Asset Accounting

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Oct 25, 2021 | 10:00 AM EDT View Details

Excel Accountant: Internal Control

(6)

Oct 25, 2021 | 10:00 AM EDT View Details

Real Estate Tax Strategies: Cost Recovery, Partial Dispositions, Removal Cost, Int. Deductions, Repairs & Capital Improvements

(20)

Oct 25, 2021 | 10:00 AM EDT View Details

The Structure and Organization of the IRS

(745)

Oct 25, 2021 | 10:00 AM EDT View Details

Federal Tax Update – Individual & Business Current Developments

(12)

Oct 25, 2021 | 10:00 AM EDT View Details

IRS Form 1099 Reporting Req. including updates on FORM 1099-NEC (LATEST 2021)

(272)

Oct 25, 2021 | 10:00 AM EDT View Details

Money Laundering Risks and Countermeasures for Accountants and Other Professionals

(9)

Oct 25, 2021 | 10:30 AM EDT View Details

Quickbooks Online for Accountants Work Centre - Managing your Practice

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Business Killers – 12 Ways to Protect Your Business

Oct 25, 2021 | 10:30 AM EDT View Details

Course Description

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.

The department has withdrawn the rule for several reasons, including:

  • The independent contractor rule was in tension with the FLSA’s text and purpose, as well as relevant judicial precedent.
  • The rule’s prioritization of two “core factors” for determining employee status under the FLSA would have undermined the longstanding balancing approach of the economic realities test and court decisions requiring a review of the totality of the circumstances related to the employment relationship.
  • The rule would have narrowed the facts and considerations comprising the analysis of whether a worker is an employee or an independent contractor, resulting in workers losing FLSA protections.


The main difference between this new ruling and AB5 is that the FLSA does not prevent states from setting up broader wage and hour protections. Thus, some states could potentially be unaffected by this ruling.

To help you navigate the complexities of this new ruling, we will discuss employee classification and the use of independent contractors in California as well as the Department of Labor’s most recent rulings.

Key topics covered in this online CPE webinar:

  • Why classification matters?
  • Who qualifies as an independent contractor?
  • What is the new rule?

Click here for HRCI and SHRM Approved Courses

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 discuss 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's compliance with AB5 and mitigate any risk

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Assistant Controllers
  • 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

4.6

(129)
67%
30%
3%
0%
0%

GM

Very informative

JB

good webinar

HN

myCPE is great

KS

Interesting considerations on contractor status

PWF

Great presenter, but wow. Every time I sign up for a law program, I am overwhelmed by the boundless legislative overreach. "If it moves - tax it. If it still moves - regulate it. If it stops moving - subsidize it." To California, I will never go!

SB

This was a very thorough, well developed presentation. It was very informative.