New Law Protects Independent Truckers in New York
The state of New York has a adopted a new law (bill S5867) in an effort to prevent employers who misclassify truckers. The law, coming into effect on April 10th, will go “beyond standard Internal Revenue Service definitions of employee and independent contractor.”
To determine which category a business entity falls into, there will be a 11-point test. Independent contractors will be considered those “who operate their own equipment to haul goods in exchange for compensation and receive an IRS Form 1099.” Kendra Hems, New York State Motor Truck Association’s president thinks the law is now better designed to protect the interests of independent contractors.
Anyone found guilty of misclassification is facing harsh fines. Every misclassified employee (as a first offense) will cost employers “up to $2,500 per misclassified employee and up to 30 days in prison or up to $25,000 in criminal fines”. For a second offense the fines can go twice as high.
Read the full story at Land Line Magazine.
Latest posts by Victor J. Lance, President/Owner (see all)
- How to Get a Mortgage Loan Originator License in Colorado - February 15, 2018
- Pennsylvania Introduces Licensing, Bonding and Net Worth Requirements for Mortgage Servicers - February 12, 2018
- Professional Fundraisers in Ohio: Don’t Forget About Your Bond Renewal - January 30, 2018