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Blog

When Insurance is a Barrier to Business

May 10, 2018 12:08:12 PM

For many independent contractors, the following frustrating scenario is all too familiar: you’ve checked off all of the requirements of a contract for a fantastic gig and waiting for the final approval, only to be told you’ll need different levels of liability insurance to solidify the deal. For hiring managers, a similar scenario often unfolds: your on-site contingent workers are carefully selected ready to work, but must be turned away at the door because the staffing firm’s business insurance expired the day before. These are just two examples of the ways in which insurance requirements can become a barrier to accessing talent and advancing your business. In this blog, we take a closer look at how Bunker, a nextSource channel partner, is taking an innovative approach to help companies overcome insurance as a barrier by combining insurance and technology.

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Topics: Blog, Best Practices, Supplier Management, Technology, Independent contractors

New Tax Law Has Pros and Cons for Independent Contractors

Jan 11, 2018 11:04:52 AM

Like many pieces of complex legislation, the newly passed tax law is proving to generate as much confusion as clarity. This is especially true when it comes to the effects the new legislation will have on the gig economy. Along with the rest of the country, we’re taking time to sift through the language of the new law to understand the implications for workforce planning and management. One facet of the law garnering some attention is the increase in deductions allowed via so-called “pass-through” business entities. Here’s some insight into how and why this one facet of the law is predicted to have significant impact on independent contractors and the broader gig economy.

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Topics: Blog, Cost savings, Gig Economy, Independent contractors

BOO! The Specter of Costly Misclassification Audits Rises this Halloween

Oct 30, 2017 3:04:33 PM

Neither ghouls, goblins or ghosts strike as much fear into the hearts of workforce management practitioners as does the specter of a costly worker misclassification audit by the IRS, DOL or state. We have all read the gruesome tales of multi-million-dollar judgments against FedEx, Microsoft, Uber and other top-tier businesses. But this is a problem that can haunt mid-market organizations just as frighteningly as the big guys. State after state has recently announced the deployment of new efforts to rein in rampant IC misclassification abuses and improved linkages/information sharing with the feds. Here are some of the latest.

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Topics: Blog, Compliance Services, Risk Management, Workforce Management, Independent contractors