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Business Unplugged™
This blog features Carol Roth's tough love on business and entrepreneurship, as well as insights from Carol's community of contributors.

IRS Needs to Acknowledge Freelance Economy

Written By: Catherine Morgan | Comments Off on IRS Needs to Acknowledge Freelance Economy

Freelance EconomyCarol’s recent post on the CNBC blog suggests that the IRS should revise employee and contractor definitions. She states:

“As we look at ways to put people back to work and foster a pro-growth environment for small business, a simple definitional change in the tax code would go a long way towards helping our economy. The freelance economy is not going away and it’s time for the IRS to catch up.”

The IRS definition may not be what you think it is. And “34 percent of the American workforce, approximately 53 million Americans, are doing some type of freelance work.”

You might want to take a look at IRS needs to acknowledge the freelance economy.

Article written by
Catherine Morgan is the founder of Point A to Point B Transitions Inc., a virtual provider of coaching services to individuals who are in business or career transition. She specializes in helping entrepreneurs transition to corporate jobs they love. Catherine is the author of the eBook Re-Launch You: Discovering Your Point B and Embracing Possibility. An experienced independent consultant who was employed by three of the former Big Five consulting firms, Catherine speaks frequently on topics related to career transition, small business, productivity, and mental health. She doesn’t take herself seriously, but takes her subject matter very seriously.