A new bill seeking to protect freelance workers was recently introduced to New York’s City Council.
According to Crain’s New York, the bill (Freelance isn’t Free Act) proposes that a person (or entity) who hires a freelancer to do work that is valued at more than $200 would be required to sign a written contract setting a payment deadline, along with other agreed upon terms. Failure to meet the payment deadline would result in double damages, payment of attorney’s fees, and possibly a steep fine.
If passed, the bill would be an amendment to the New York city charter, and the administrative code of the city of New York.
Money Magazine’s October 2015 edition has an article dedicated to freelance statistics for the United States. Some of the interesting statistics include the following:
The 7 best cities for freelancers: Scottsdale, Los Angeles, Portland (OR), Austin, Boise, Nashville, Greensboro (NC).
The total number of freelancers: 30 million.
The number of freelancers who work at least 15 hours per week: 17,800,000.
Frequently overlooked tax deductions: Insurance, unpaid invoices, education courses.