Freelancing

Independent workforce continues to grow, generating $1.3T in revenue 

independent workers economic contribution

  From HRDive, Valerie Bolden-Barrett discusses the recent report from MBO Partners that shows independent workers contributed $1.3 trillion to the economy in 2017. Valerie writes: Independent workers, also known as contingent or gig workers, have garnered a great deal of attention as of late. Some reports predicted that independent workers will outnumber those in traditional jobs by…

New Data: Six-Figure Freelancing Is On The Rise

More High earning independents

  From Forbes, Elaine Pofeldt discusses the increase in the number of independent workers earning more than $100,000 reported in MBO Partners State of Independence in America.  Elaine writes: A growing number of free agents are bringing in six-figure revenue, according to new research by MBO Partners, which studies the independent workforce. There were 3.3…

Infographic: The state of independent workers 

MBO_Partners_Infographic_SOI_2018

  From BenefitsPro, Emily Payne shares an infographic with terrific information from MBO Partners The State of Independence in America report. Read the full story at Infographic: The state of independent workers | BenefitsPRO Related posts: 6 Questions Enterprises Must Answer to Attract Top Independent Talent      From MBO Partners, John Piazza discusses how companies can attract…

Are independent contractors a smaller percentage of workers? BLS data in context

staffing industry analysts logo

  Staffing Industry Analysts (SIA) provides excellent comments about the Bureau of Labor Statistics’ (BLS) recent data that shows that 6.9% of the workforce were independent contractors. In 2014, Justin Fox reviewed the challenges of the various of measuring the independent workforce in Where Are All the Self-Employed Workers? including the challenge of multiple definitions for what it…

1 In 10 Workers Is An Independent Contractor, Labor Department Says 

Man with laptop coffee shop outside

  From NPR, Yuki Noguchi reports on recent U.S. Department of Labor statistics on independent workers. Yuki writes: For years, various reports have indicated that the contract workforce is growing rapidly in the U.S. On Thursday, the Labor Department poured a bucket of cold water on that notion. It released a report showing contract workers make up a slightly…

What is professional indemnity insurance?

business insurance and chart

  SCMS (Skillbase Contractor Management Services Ltd) offers an overview of professional indemnity insurance (sometimes called professional liability insurance or errors and omissions insurance). Independent contractors should carry professional liability insurance for several reasons: it shows that they are truly an independent business and it protects their assets and their clients in the event of a…

U.S. Contractor Abroad Tax Guide

From Taxes for Expats, Ines Zemelman has created a guide for contractors working abroad.  They provide helpful adivce such as the following: 1.   CAN CONTRACTORS UTILIZE THE FOREIGN EARNED INCOME EXCLUSION (FEIE) TO EXCLUDE UP TO $100K OF INCOME? Yes – contractors can certainly qualify for the Foreign Earned Income Exclusion (FEIE). However, in general, the nature…

Managing Remote Workers Requires New Communication Strategies

by David Mizne, from 15Five.com Remote workers have become a regular fixture of the business world. Whether someone works part of a day or week at home or full-time outside the office, the concept is no longer rare. Flexible scheduling has taken a premium spot among benefits that employees seek. While the upside to remote…

6 Best Practices for Drafting an Independent Contractor Agreement

  MBO Partners offers terrific recommendations for drafting agreements with independent contractors. In particular, it is critical to specify the terms relating to product ownership and warranties. 5. Specify Product Ownership As an independent contractor, it’s important to understand your intellectual property rights. Keep an eye out for non-compete clauses, which may prohibit you from starting…