H. R. 8013, known as the “Gig Is Up Act,” aims to change how payroll taxes are handled for independent contractors working with large companies. If a company makes at least $100 million a year and hires at least 10,000 independent contractors, the payments to these...
Simple Explanation
H.R. 8013 is a bill that says big companies have to treat the money they give to independent workers like regular paychecks and pay extra taxes on it, starting at the end of 2024.