Independent Contractor Reporting Law

As you may be aware, AB 1358, modifying requirements for reporting business transactions with independent contractors to the Employment Development Department (EDD), takes effect January 1, 2001. The new law requires businesses to report to EDD within 20 days of making payments totaling $600 or more to an independent contractor; or entering into a contract for $600 or more with an independent contractor in any calendar year -- whichever is earlier. EDD...