Update Applicable to:
All employers in Florida with independent contractor workers.
What happened?
On June 16, 2021, Governor DeSantis signed SB 1532 into law, which provided updates to state family law.
What are the details?
The law, effective October 1, 2021, implements a new reporting requirement for a service recipient to report to the Florida Department of Revenue’s State Directory of New Hires any newly engaged non-employee to whom the service recipient pays more than $600 in a calendar year for services performed by the individual in the course of the service recipient’s trade or business.
The required information must be submitted within 20 days after the first payment to the independent contractor or on the date the business and independent contractor entered into the contract, whichever is earlier.
The law can be read here.
An article on the law can be read here.
What do employers need to do?
Employers should review the law and their current employee reporting procedures to make any applicable changes to stay in compliance with the new requirement of reporting their independent contractors.
