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The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three categories of evidence to determine if someone is an independent contractor or ...
Many employers try to save money on taxes and escape liability under employment laws by getting employees to sign Independent Contractor Agreements. There are some advantages to being an ...
As an independent contractor, you’re eligible to make certain business-related deductions as long as they’re considered necessary in the eyes of the IRS. As in, you need those to run your ...
An Independent contractor is a type of worker. Independent contractor may also refer to: Independent contracting in the United States; Independent Contractors Australia; Misclassification of employees as independent contractors
In many countries, the legal classification of gig workers is still being debated, with companies classifying their workers as "independent contractors", while organized labor advocates have been lobbying for them to be classified as "employees", which would legally require companies to provide the full suite of employee benefits like time-and ...
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