The U.S. Department of Labor (DOL) issued a new rule, effective from March 11, 2024, that revises the criteria for classifying workers as Employees or Independent Contractors.

This new approach effects businesses that engage with self-employed individuals. Federal and State agencies are joining forces to assess penalties (including back wages and potential damages) to combat misclassification of W-2 employees as independent contractors.

For more information you may contact us to set up a consultation.