What You Should Know About Working as an Independent Contractor

How to be an independent contractor

Have you ever thought of working as an independent contractor? If you’ve applied or considered applying for a job that indicates you’ll be working as an independent contractor, then there are a few minimum requirements and things you should know before signing any contracts. Working as an Independent Contractor Independent Contractors Defined  According to the IRS, “The general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done. The earnings of a person who is working as an independent contractor are subject to Self-Employment Tax.” Untangling the Tax Situation Independent contractors are responsible … Read more