The Pro Act, which passed the House of Representatives in March, has two big components. The first is that it makes it easier for workers and independent contractors to organize unions. Thatâs certainly a concern for some employers. But the other, and bigger headache for small businesses, is that it potentially changes the way we define and classify employees.
Under the Pro Act, which is fashioned closely after Californiaâs 2019 Assembly Bill 5 legislation:
â
⦠an individual performing any service shall be considered an employee (except as provided in the previous sentence) and not an independent contractor, unless:
(A) the individual is free from control and direction in connection with the performance of the service, both under the contract for the performance of service and in fact;
More business owners (34%) describe current business conditions as good, according to the second quarter CNBC|SurveyMonkey Small Business Survey, which saw the Small Business Confidence Index rise from a record low in Q1 of 43 to 45 in the current quarter. But that is still below a score of 50, and a net negative sentiment reading, which first occurred for the five-year-old survey one year ago, in Q2 2020 as the Covid outbreak spread.
On May 4, join Shark Tank s
Robert Herjavec, Life is Good s
Bert Jacobs, Chamber of Commerce s
Neil Bradley, 1863 Venture Fund s
Melissa Bradley and more for the
CNBC Small Business Playbook event, kicking off at 2pmET. Get actionable advice to stage a strong comeback. Register now.
Politics, Inflation Pinch as Small Business Confidence Rises Slower Than Economy nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.
President Biden’s corporate tax plan and support for the PRO Act target big companies, but the small business community is worried about being a casualty.
Biden s Tax Plan Targets Big Companies, So Why Is Small Business Worried? nbcmiami.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcmiami.com Daily Mail and Mail on Sunday newspapers.