The IRS believes many Uber and Lyft drivers are cheating on their taxes, and Sen. John Thune, R-S.D., is pushing legislation that would dramatically reduce the income threshold above which gig economy companies that rely on contractors must report to the IRS. As a means of cracking down, the legislation would force Uber and Lyft to …
Continue reading “The tax man may be coming for Uber and Lyft drivers”
Approximately 57 million people in the US do some sort of work in the gig economy. Some of them drive cars for Uber and Lyft, deliver groceries for Instacart and Doordash, walk dogs for Wag and Rover, clean houses through Task Rabbit and Handy, and manage apartment properties on Airbnb. The market has grown quickly over the past few years, bringing in as much …
In Lyft’s S-1 this morning, the company laid out the potential consequences for converting its drivers from independent contractors to W-2 employees. This, of course, has been an ongoing conversation within the gig economy. Those who work as 1099 contractors can set their own schedules, and decide when, where and how much they want to work. For employers, …
Continue reading “Lyft lays out financial risks associated with reclassifying drivers”
…Since its founding in 2014, Checkr has become a darling of gig-economy giants like Uber and Lyft thanks to the speed of its services. In a press release last April announcing a $100 million influx of cash from investors, the company boasted that it processes more than 1 million background checks each month for more …
For the past few years, the tech worker movement has been driven by engineers at giants like Google and Facebook. They have lent support to working-class colleagues, like contract driver, housekeeping, and food service staff. But solidarity between the white collar (perhaps hoodie-collar) and blue collar workers may be growing as contractors at gig companies like Instacart …
Continue reading “Tech workers pledge not to work for DoorDash until it pays drivers better”
Uber, Grubhub, Amazon Prime Now—these are just a few companies that might come to mind when you think of the gig economy. But this developing industry of independent workers is much more than ride-share and food-delivery services. During a panel at ABA Techshow 2019on Friday, Basha Rubin, CEO and co-founder of Priori Legal, and Emily M. Wajert, an …
Benchmark’s Bill Gurley, known for making an early investment in Uber Technologies Inc., is backing a different kind of gig platform—Instawork—which matches restaurants and hospitality businesses with job-seeking waiters, cooks and dishwashers. more
