An employee is a permanent member of your company who must be treated in accordance with federal and state labor and wage laws. An independent contractor operates under a separate business name from your company and performs job functions for you temporarily. The IRS has strict worker guidelines...
Federal employee or contractor employee? How the law distinguishes between the two ... and why that distinction is important to you!Reres, Matt
What are the benefits of being a contract employee?Here are some benefits of working as an independent contractor: Being your own boss: The primary reason many people prefer to work as a contract employee is that it allows them to be their own boss. This provides them with greater independen...
The employer usually has full control over the work as well as ownership of the work done, such as when an employee creates something, like documents, a video, or computer code. A significant difference between employee and contractor arrangements is that employees generally work for just one ...
Copy 2Independent contractor Avoiding worker misclassification If you’re having trouble determining a worker’s status, don’t worry. There are a few routes you can take to verify whether a worker is an independent contractor or employee. You can consult asmall business lawyeror another professi...
Internal employees have set workdays and hours and perform labor for your company on an ongoing basis—whereas contractors generally work with your company for a predetermined time frame and set price. A contractor may work for many companies at once, while a full-time employee is typically dedi...
"I was a full-time employee," Willis,an interior designer,pointed out, "a federal contractor to the government. The contract ran out, so now I've resorted back to offering interior design services on my own. That has kept me afloat, but I would much rather prefer to have a steady, ...
Anyone considering whether to take a job as an independent contractor needs to weigh the pros and cons of contract work before signing on. Keep in mind that this may be a step toward getting a permanent employee position. For example, someone who steps in as a freelance worker on a contrac...
In a different sense, a contractor could also be anyone who agrees to perform work for a fee. This occurs frequently in businesses that cannot afford to assign or hire a new employee to perform a specific job. The job itself may not be long-term enough to justify the expenses of a new...
expenses as one of the criteria for determining the difference between an employee and a contractor for the purposes of unemployment insurance. Michigan, for example, specifies that if the employer pays expenses directly, the position could be deemed as that of an employee, not a contract ...