A driver that is a true independent contractor would typically match these criteria:
1. Company pays driver a percentage of the move - The driver that is a true independent contractor would be paid a percentage of the move, by the mile or even a flat rate. If a driver is being paid by the hour, chances are they should be classified as an employee.
2. Driver hires and pays their helpers - If the driver is a true independent contractor, they would hire and pay their own helpers. If the helpers are being paid an hourly wage by the company, then the driver would probably be considered an employee as well.
3. Driver owns or leases the truck - Most of the time a true independent contractor driver would own their own truck or lease the truck from the company. If you are providing the truck to the driver they would most likely be viewed as an employee.
4. Driver will pay fuel, tolls & expenses - The driver would also pay their own expenses such as fuel, tolls, maintenance, hotels and any other expenses associated with the job.
5. Driver can experience profit or loss - One of the determining factors by the IRS is whether or not the individual can gain profit or suffer loss from the job.
6. Driver can accept or reject jobs - We already discussed that the main factor is control. So a true independent contractor would have the ability to turn down moves without the threat of being fired.
For a full explanation on determining the status for paying movers, read this IRS REPORT.
Employment Tax Guidelines: Classifying Certain Van Operators in the Moving Industry
You can find the link at: www.louismassar...
Paying movers as W-2 Employees you would be responsible for:
* Social security and Medicare tax
* Withholding federal and state income taxes
* Providing worker’s compensation coverage
* Contribute to unemployment insurance fund
Get the full video training, summary, transcript, shareable quotes, and other posts related to this episode and topic at: www.louismassar...
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ABOUT LOUIS
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I’m Louis Massaro, author of 10 Rules of a Profitable Moving Company and founder of Moving Mastery, a mentoring, coaching, and education company dedicated to helping entrepreneurs in the moving industry increase profits by implementing proven strategies in marketing, sales, and operations.
I help entrepreneurs and business owners unlock their company’s full potential so that they can not only make more money but live a more balanced, fun and fulfilling life.
When I opened my first moving company in 2000, I was a 19-year-old kid that started by placing an ad in the yellow pages and renting a couple of trucks. At first, my office was the parking lot of the truck rental yard where I dispatched the crews out of my car. I was struggling to operate on a shoestring budget and maxed out credit cards. It was not a professional set up. When drivers and helpers came for an interview they thought it was a joke.
Although it wasn’t an easy start, every obstacle and setback were opportunities to learn. It took me a few years of making a ton of mistakes and constantly saying to myself “there’s got to be a better way to do this” before I really developed a solid process and system.
I finally mastered a system for running a very profitable moving & storage company, while also discovering how to have balance in my life and not work crazy hours. I took that system and started opening up several offices in cities throughout the US where we sold over $20 Million per year in moves.
I’ve also taught and continue to teach my system to others. My students have gone on to build their own multi-million dollar moving companies. They continue to thrive and profit while they are able to spend more time with family and doing the things they love in life.
I’m blessed to have had some tremendous success in the moving industry, building a nationwide company from scratch that provided a great service to tens of thousands customers each year. After 16 years in business, I’m fortunate to be able to have sold my companies and enjoy the fruits of my labor.
I’m passionate about helping entrepreneurs avoid unnecessary struggles and stresses while becoming more profitable in their business and happier in their lives! I hope that the free information on this site provides you with great value and look forward to meeting you some day.
Meet me at LouisMassaro.com
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