Top Results for:

Resources for contract employees.

Search Results

Independent contractor - Wikipedia, the free encyclopedia

An independent contractor is a natural person, business, or corporation that provides goods or services to another entity under terms specified in a contract or  ...

Minimum Requirements for Working as an Independent Contractor ...

Many independent contractors start earning money without really planning on it. Before they know it, their sideline projects have become legitimate businesses ...

Self Employed & Independent Contractors - Small Business ...

Do you want to be self-employed or an independent contractor? This page will discuss the many opportunities that are available to you and guide you to success ...

Independent Contractor Defined - Internal Revenue Service

Small Business/Self-Employed Topics ... However, whether these people are independent contractors or employees depends on the facts in each case.

Starting a Business as an Independent Contractor - US Business ...

Here is information you need in order to start a business as an independent contractor.

Get Your Business Listed

Get your business listed on this page

Reach active buyers and immediately increase your visibility

Get Started
How to Be an Independent Contractor: 11 Steps (with Pictures)

Give your business a name. Ad. Be an Independent Contractor Step 2.jpg. 2. Register your business - Register your business with the federal government, your ...

Should I Be An Employee Or An Independent Contractor? - Forbes

Dec 16, 2013 ... I use my experience to help save business owners a headache or two. ... We can break the employee versus independent contractor question ...

Starting A Business: How To Hire An Independent Contractor ...

Dec 8, 2013 ... A client of mine – who has started a cool mobile app company – recently wanted to hire an independent contractor for helping on the ...

Hiring Contractors Without Getting Into Trouble - NYTimes.com

Feb 1, 2012 ... Have You Had Success Hiring Independent Contractors? ... it with contractors based on the ebbs and flows of how much business we have.”.

Hiring Independent Contractors for Your Work Force Needs ...

May 24, 2012 ... Independent contractors are a popular choice for business owners to fill their work force needs. True independent contractors are not treated as ...

Independent Contractor or LLC? (liability insurance, small ...

I can do this as an independent contractor since a lot of my clients will ... But I could also open an LLC, a website and business cards to really ...

Employee vs. Independent Contractor: What Employers Need to ...

If a worker is an independent contractor, the employer is not responsible for ... Financial: Are the business aspects of the worker's job controlled by the payer?

Independent Business Contractors


You can find success and financial stability as an independent business contractor. During strong economic times there is usually an overflow of work available for independent contractors. In a sluggish economy companies are downsizing, unable to keep up with the financial strain of providing benefits and other financial securities to employees. Businesses begin looking for individuals to secure independent business contracts who can instantly fill that void.

Being an independent business contractor is basically the same as starting your own small business. You are completely responsible for working out your own plans to create financial security. The mistake many independent business contractors make is focusing so hard on survival that they fail to plan for the future. Prepare for life as a small business independent contractor.

1. Separate your personal and independent business contractor expenses.

2. Get all of the tax breaks you are entitled to as a business contractor.

3. Handle insurance issues.

4. Plan for retirement.

Keep your independent contractor information and expenses separate from personal expenses

If you don't keep your business and personal expenses separate, you will create a huge headache come tax time. If you are audited and have been routinely dipping into your business account to cover personal expenses, the IRS may question the legitimacy of your business.

Use your independent contractor status to take advantage of certain tax breaks

As an independent contractor, you may be eligible for several tax deductions. If you work from home and have a dedicated space for your office, you can deduct your home office as a business expense. You can even deduct your monthly phone, Internet and utility services.
IRS Form Schedule C and Schedule SE to take care of self-employment taxes. Even though it's not necessary, you should also consider incorporating your business or setting up an LLC to protect your personal assets from any legal action against you.

Secure adequate insurance

Business contractors are not eligible for many of the benefits employees receive like health, liability or disability insurance. You will need to provide those things yourself and the rates for individual policies can be quite high. Many independent contractor agreements, or the independent contractor form you may be asked to sign, clearly states that you will receive no typical employee benefits like insurance coverage while working for them.

Independent business contractors must take action and plan for retirement

This is another thing your independent contractor agreements or independent contractor form will not provide. Just because you won't receive a 401(k) doesn't mean you can't plan for your own retirement. You can investigate setting up a Single Employee Pension (SEP) IRA plan or a 401(k) plan designed for self-employed individuals on your own.

  • Enroll in discount card programs like Ameriplan to save more money on health exams, dental procedures, eye glasses and contact lenses as a complement to your health insurance policy.