Need to file independent contractor taxes? It works differently than for employees. Learn about deductions, filing requirements and tips with this guide.

There are many paths to entrepreneurship, and for some aspiring business owners, becoming an independent contractor is a natural first step. But what exactly is an independent contractor, and how do ...

Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

Independent contractors have full control over their work methods, unlike employees. They must pay both employer and employee portions of payroll taxes. Their flexibility allows working for multiple ...

The use of independent contractors can save a business money on payroll costs and overhead such as utilities and office space, but the IRS has strict requirements dictating the designation of an ...

If your business hires independent contractors on a regular basis as part of your normal business operations, then you are going to want to make sure that your worker classifications are correct. This ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. With Uber, Lyft, and many other companies that provide many ...

A new U.S. Department of Labor rule announced Jan. 9 adopts a multistep “economic factors” test for companies to follow to determine whether a worker should be classified as an independent contractor ...

The Department of Labor has announced it is reviewing the Biden administration’s 2024 worker classification guidance, which directs employers on how to determine whether a worker is an employee 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 ...

An independent contractor/consultant is an individual or organization, not affiliated with the University, providing primarily professional services or technical advice under a written agreement or ...

Government agencies prefer employees instead of independent contractors. It is easier and far more reliable to collect payroll taxes and income tax withholdings from employers than from independent ...