independent contractor vs employee - InsureYourCompany

Is Workers’ Compensation Required For Independent Contractors?

Dan Levenson — Thu, 05 May 2016 18:30:42 +0000

When it comes to workers’ compensation, are you required to carry the insurance for people who are not your full-time employees? For many business owners, this is not an easily answered question. While state law does not require you to carry the coverage for independent contractors, and a number of employers do not classify those who work […]

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4 Steps To Take Before Hiring An Independent Contractor

Dan Levenson — Wed, 29 Jul 2015 21:34:43 +0000

The Internal Revenue Service defines an independent contractor as “a business owner or contractor who provides services to other businesses.” They are responsible for their own social security, taxes, and retirement and health insurance plans and are not entitled to company coverages. If you choose to hire an independent contractor, you have to stay on top of the regulations set forth by the government.

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1099 Tax Deductions Independent Contractors Need to Know

Dan Levenson — Wed, 15 Jul 2015 17:03:06 +0000

Working as an independent contractor comes with great benefits: flexible schedules, choosing your own work, and occasional work sessions in pajamas are favorite perks among freelancers. At tax time, however, independent contractors often get the short end of the stick, partly because they don't always know how to take advantage of 1099 deductions.

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