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 ...

Form 1099 is used to report non-employee compensation paid to independent contractors, freelancers, and service providers. Federal regulations require businesses to issue Form 1099-NEC to qualifying ...

An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of ...

Before your business hires workers, you have a big decision to make: Will they be classified as employees or independent contractors? Here are some factors to consider from a business perspective and ...

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 ...

The Department of Labor recently made key changes to its rules in a way that will affect the oil and gas sector. The new rule rescinds a Trump Administration rule that had simplified the process of ...

Working as a contractor, or hiring contractors, provides the flexibility that many workers and companies desire. In some scenarios, the independent contractor status works well. However, employers can ...