Bookkeeping

Independent Contractor: Definition, How Taxes Work, and Example

Content How do independent contractors and employees differ? What’s the Difference Between W-2 Employees and 1099 Contractors? Employees Avoiding worker misclassification Independent Contractor What are typical examples of independent contractors? Independent Contractor vs. Employee Companies don’t provide typical employee benefits to independent contractors like health insurance, paid vacations, maternity leave, and 401(k) contributions. Independent contractors …

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Payroll outsourcing guide for small businesses

Naturally, the quality of payroll outsourcing will vary, but it’s clear many companies still see these third-party payroll managers as more effective than internal capabilities. Mistakes involving taxes or adherence to regulations can be time-consuming and costly to resolve, so there’s a strong incentive to get everything right the first time. “Leaving it to the …

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