![]() |
|
|||||||||||||||
![]()
![]() |
Legislative Updates Misclassification of Employees as Independent Contractors LAP&FCA Position: Tighten laws to stop willful misclassification of employees as independent contractors. Misclassification of workers as independent contractors is a huge problem in the construction industry. Employers who misclassify gain unfair competitive marketplace advantages saving as much as 30% on labor costs. Loss of revenue to federal, state and local governments due to misclassification is enormous because of the loss of Social Security & Medicare taxes.
Government should aggressively close the tax gap increased by non-tax compliant government but laws should not restrict the cash-flow of already tax-compliant contractors. Construction pre-tax profit margins rarely exceed 3% and the 3% withholding bears no relationship to taxable income.
Campaign For Quality Construction - LAP&FCA Represents Painting Industry May 3-5, 2010 in Washington DC A number of national union contractor associations (including FCA in which LAP&FCA is a member) meet in our nations Capitol supporting Bills of importance to their respective members to their legislators on Capitol HIll. LAP&FCA represented the union painting industry at the conference with Owen Smith of Anzalone & Associates and Greg Quinn, Executive Director LAP&FCA, attending and taking key issues to Capitol Hill. CQC is scheduled to meet from May 10-12, 2011 in Washington D.C.
# # # |
|||||||||||||||
© Los Angeles Painting & Finishing Contractors Association. All rights reserved. / Powered by J. Arthur & Associates |
||||||||||||||||