Questions What are the benefits of hiring independent contractors? What are the risks of hiring independent contractors? How do government agencies determine whether workers are ICs or employees? Should I ask freelancers and consultants to sign written independent contractor agreements? Is there anything
There are many benefits to hiring independent contractors (ICs), but there are some disadvantages as well. Hiring ICs will probably save you money and give you staffing flexibility, but you will have less control over the IC's work. Before you decide how to staff a particular job, you'll need to weigh these pros and cons -- and make sure that your decision about how to classify the worker will pass muster with state and federal auditors.
If you hire independent contractors (ICs), you must be vigilant to ensure that government agencies never reclassify them as employees -- which could subject you to back taxes and penalties. That vigilance must begin even before an IC walks in the door. If you plan to hire an IC, here are two things you can do to make sure you get the relationship off on the right foot.
When hiring independent contractors, you'll want to make sure that government agencies view them as truly independent business people, not as employees by a different name. The penalties for misclassifying employees as independent contractors can be significant, but you can avoid trouble by following these tips.
Businesses often hire independent contractors (ICs) to do creative work, such as writing an article or book, designing a company logo, creating artwork or graphics, or developing architectural blueprints and designs. You might think that the hiring business would automatically own the work produced by the contractor. After all, the business commissioned and paid for it, right?
My company occasionally hires independent contractors for one-off projects, like our website redesign. We also use contractors on an ongoing basis for things like freelance writing and proofreading. Are there any steps we can take to make sure the government doesn't come back later and reclassify them as employees?
Question: After I was laid off from work a few months ago, I decided to go back to school and finish my degree. I'll need to earn some money, but I want my hours to be flexible. I'm considering becoming a driver for a ridesharing company, so I can work a lot during the evening and school breaks, but