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FAQs about 25+ Financial Services Auditor Independent Contractor $130,000 … Coupon?

Are independent contractors covered by the FLSA?

Independent contractors are in business for themselves and therefore are not covered by the FLSA. For a worker to be protected by the minimum wage and overtime pay requirements of the FLSA, the worker must be an “employee” of the employer, meaning that there is an employment relationship between the worker and employer. ...

Are securities salespeople classified as independent contractors?

The stan-dard relationship between the parties is analogous to other employment situations in which the IRS has classified workers as independent contractors. In fact, IRS precedent holds that securities salespersons associated with IBDs are independent contractors. ...

How does Section 530 affect independent contractor classification?

Under Section 530, if an employer had a reasonable basis for treating the worker as an independent contractor, that classification will be accepted by the IRS. For an employer to be eligible for relief under Section 530, it must be able to show a “reasonable basis” for its independent contractor classifications. ...

Can a worker be classified as an independent contractor?

The bill would also introduce a new safe harbor for classifying a worker as an independent contractor if the worker: Substantially controls the means and manner of performing the contract services, the specifications of the service recipient or payor, and any additional contractual requirements. ...

How many independent contractor representatives does Primerica have?

Primerica currently has more than 130,000 life licensed, independent contractor representatives in its sales force. The Primerica sales force does business in North America. Primerica's licensed representatives are supported by corporate employees headquartered in Duluth, GA, as well as a corporate headquarters in Canada. ...

What factors determine independent contractor status?

These facts indicate independent contractor status under the permanence factor. Nature and degree of control. This factor primarily looks at the level of control the potential employer has over the performance of the work and the economic aspects of the working relationship. ...