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.
Jan 11, 2018 11:04:52 AM
Jun 14, 2017 4:57:56 PM
In the most basic sense, companies engage a managed services provider (MSP) to oversee their contingent workforce because they realize they can capture significant cost savings by outsourcing to someone with specialized expertise. It’s true, engaging an MSP can relieve an HR department from the labor-intensive processes associated with fielding a contingent workforce, but there’s much more to a successful MSP than efficient sourcing. Let’s look at some of the cost savings benefits commonly associated with a successful MSP as well as some of the risk avoidance benefits not as frequently examined.