September 4, 2015

David Donnelly, Tax & Business Services Senior Manager, Quoted in Newsday Article "For Many Long Islanders, App Economy Allows Them to Take on Side Jobs, Boost Their Income."

Newsday

By Ken Schachter

Related Service Tax & Business

David Donnelly, Tax & Business Services Senior Manager, Quoted in Newsday Article "For Many Long Islanders, App Economy Allows Them to Take on Side Jobs, Boost Their Income." Tax & Business

Excerpt:

The “app economy” is gaining a foothold on Long Island as companies such as Uber Technologies Inc. and Airbnb Inc. offer on-demand services to clients and fresh income and flexible hours to workers.

Economists are struggling to quantify the impact of the new business models, which use apps to directly connect consumers with individuals selling their services — what is also known as the “gig economy.”

Still, the scale is suggested by Uber’s accounting for more than half the business travel receipts for U.S. ground transport, excluding rental cars, in the second quarter, according to data tracker Certify.

David Donnelly, senior manager in the Melville office of accounting firm Marcum LLP, said that murky rules surrounding who is an employee and who is an independent contractor contribute to the problem.

“What sounds like a black and white thing is very gray,” he said.

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