1099 v. W2: Game Changing New Law Cracking Down on 1099 Misclassifications

The 1099 versus W2 debate continues, and not necessarily in a good way for the industry. This class is for EVERYONE. Here’s why: On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act. This final rule rescinds the Independent Contractor Status Under the Fair Labor Standards Act that was published early 2021 and replaces it with an analysis that is supposedly more consistent with the FLSA and judicial precedent. What does this mean?.... a total crackdown on 1099 misclassifications more than you have ever seen. We will discuss the old law as compared to the new, how this affects the construction industry, and most importantly, easy-to-implement changes and protections to mitigate against six-figure penalties and liabilities that can put you out of business.

This course has been approved by the Alabama Home Builders Licensure Board for 1 hour of continuing education credit. 

The price of this course includes a $5.00 credit submission fee required by AL HBLB.