{"id":795,"date":"2024-07-23T20:21:40","date_gmt":"2024-07-23T20:21:40","guid":{"rendered":"https:\/\/www.sasscpas.com\/blog\/?p=795"},"modified":"2024-07-23T20:21:40","modified_gmt":"2024-07-23T20:21:40","slug":"the-freelance-isnt-free-act-what-new-york-state-employers-need-to-know","status":"publish","type":"post","link":"https:\/\/www.sasscpas.com\/blog\/index.php\/2024\/07\/23\/the-freelance-isnt-free-act-what-new-york-state-employers-need-to-know\/","title":{"rendered":"The Freelance Isn\u2019t Free Act: What New York State Employers Need to Know"},"content":{"rendered":"\n<p>A new law is impacting New York State employers using 1099s. Here\u2019s what you need to know:&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.nysenate.gov\/legislation\/bills\/2023\/S5026\" target=\"_blank\" rel=\"noreferrer noopener\">Freelance Isn\u2019t Free Act<\/a> will require employers to possess signed agreements for any contractor paid $800 or more. This total applies to a single service, or multiple services adding up to $800 over a 120-day period.&nbsp;<\/p>\n\n\n\n<p>The signed agreement must be kept on file for six years and should spell out the work that will be performed, the pay for the work, and the payment date.&nbsp;<\/p>\n\n\n\n<p>Payments to contractors must happen within the stated time frame of the contract or within 30 days of work being completed.&nbsp;<\/p>\n\n\n\n<p><em>For guidance, call us at 631-368-3110.<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new law is impacting New York State employers using 1099s. Here\u2019s what you need to know:&nbsp; The Freelance Isn\u2019t Free Act will require employers to possess signed agreements for any contractor paid $800 or more. This total applies to a single service, or multiple services adding up to $800 over a 120-day period.&nbsp; The [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/795"}],"collection":[{"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=795"}],"version-history":[{"count":1,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/795\/revisions"}],"predecessor-version":[{"id":797,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/795\/revisions\/797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/media\/805"}],"wp:attachment":[{"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sasscpas.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}