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378: The Danger With Classifying 1099s: Update with Philip Siegel

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Content provided by Dave Sullivan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Sullivan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome! There are lots of changes and many questions about the new laws affecting our industry right now. Today’s episode is the follow-up to Episode 376 where Philip Siegel helped clarify the new laws in effect regarding the classification requirements for 1099 and W-2 employees. Philip is our trusted expert labor attorney and the go-to guy for this topic. He joins us to give more information and warnings that every contractor should take seriously. Join us to learn more!

What you’ll hear in this episode:

  • An overview of the 1099 vs. W-2 issue (the new law under the Biden administration compared to the former policy under Trump)
  • Philip’s observations about wage and hour audits, OSHA investigations, and a whopping $1.2 million fine
  • Two hotspots for contractors: installation crews and salespeople
  • Philip’s advice about the factors to consider in classifying employees correctly
  • Don’t ignore the facts!
  • Fact #1: The chances of getting caught and facing hefty fines are increasing!
  • Fact #2: Independent contractors must be free to work for other companies and reject work (to be classified as such)
  • Understanding noncompete and nonsolicitation provisions–and what has changed, thanks to the FTC (Check out Episode 114 with Philip: How to Prevent Employee Poaching By Your Competitors.)
  • Why should an employer have a non-compete provision?

Resources

Connect with Philip Siegel: 404-469-9197, Email, and Website

Set up a FREE strategy call with Dave and get a few tips on how you can improve your business: https://davesullivan.as.me/free-strategy-call

Interested in learning more about our 1-on-1 coaching, our mastermind groups, or our fractional professional services? Email me at dave@theroofercoach.com. or send me a text at (510) 612-1450.

No Plan? No problem. Download our FREE 1-Page Business Plan For Roofing Contractors https://theroofershow.com/plan.

Vetted Sponsors Of The Roofer Show

Have RUBY answer your phones and tee up the sale by leaving a great first impression. Use this link to get up to $150 off your first month’s service: http://get.ruby.com/theroofercoach.

Automate your Follow-Up and close more sales with PROLINE. Get started for FREE at https://useproline.com/. Use promo code “Dave50” for $50 off your first month’s service!

Our newest sponsor, SMA Support Services, fills a need by empowering contractors to simplify and optimize their operational processes with virtual assistant and call center services. Explore what a virtual assistant can do for your contracting business. Check out SMA Support Services! (Tell them Dave and John sent you.)

  continue reading

409 episodes

Artwork
iconShare
 
Manage episode 416189806 series 1381228
Content provided by Dave Sullivan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Sullivan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome! There are lots of changes and many questions about the new laws affecting our industry right now. Today’s episode is the follow-up to Episode 376 where Philip Siegel helped clarify the new laws in effect regarding the classification requirements for 1099 and W-2 employees. Philip is our trusted expert labor attorney and the go-to guy for this topic. He joins us to give more information and warnings that every contractor should take seriously. Join us to learn more!

What you’ll hear in this episode:

  • An overview of the 1099 vs. W-2 issue (the new law under the Biden administration compared to the former policy under Trump)
  • Philip’s observations about wage and hour audits, OSHA investigations, and a whopping $1.2 million fine
  • Two hotspots for contractors: installation crews and salespeople
  • Philip’s advice about the factors to consider in classifying employees correctly
  • Don’t ignore the facts!
  • Fact #1: The chances of getting caught and facing hefty fines are increasing!
  • Fact #2: Independent contractors must be free to work for other companies and reject work (to be classified as such)
  • Understanding noncompete and nonsolicitation provisions–and what has changed, thanks to the FTC (Check out Episode 114 with Philip: How to Prevent Employee Poaching By Your Competitors.)
  • Why should an employer have a non-compete provision?

Resources

Connect with Philip Siegel: 404-469-9197, Email, and Website

Set up a FREE strategy call with Dave and get a few tips on how you can improve your business: https://davesullivan.as.me/free-strategy-call

Interested in learning more about our 1-on-1 coaching, our mastermind groups, or our fractional professional services? Email me at dave@theroofercoach.com. or send me a text at (510) 612-1450.

No Plan? No problem. Download our FREE 1-Page Business Plan For Roofing Contractors https://theroofershow.com/plan.

Vetted Sponsors Of The Roofer Show

Have RUBY answer your phones and tee up the sale by leaving a great first impression. Use this link to get up to $150 off your first month’s service: http://get.ruby.com/theroofercoach.

Automate your Follow-Up and close more sales with PROLINE. Get started for FREE at https://useproline.com/. Use promo code “Dave50” for $50 off your first month’s service!

Our newest sponsor, SMA Support Services, fills a need by empowering contractors to simplify and optimize their operational processes with virtual assistant and call center services. Explore what a virtual assistant can do for your contracting business. Check out SMA Support Services! (Tell them Dave and John sent you.)

  continue reading

409 episodes

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