An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three categories of evidence to determine if someone is an independent contractor or ...

Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...

We have everything you need to know about worker classifications, the fight to change them, and how they might affect your taxes and the tax software you can use. I write about money. I’ve been ...

Independent contractors are professionals hired by individuals (or companies) to perform a service. Each one has different classifications under the IRS, which also means different tax obligations.

Question: I have an employee that wants to convert to being paid as an independent contractor. I understand I can save money on payroll taxes and employee benefits if I agree to the change. Even ...

Unlike a full-time employee whose taxes are deducted from their paycheck, if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions as you ...

Employees have it relatively easy when it comes to paying taxes. Their employer withholds taxes from each paycheck and sends the money to the federal (and sometimes state) government. Employees pay ...

Question: I am in the middle of a California payroll tax audit by the Employment Development Department for paying some of my workers as independent contractors. By doing so, I know I saved some money ...