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 ...

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 ...

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, ...

As an independent contractor, you have a lot of flexibility to determine when, where and how you work. On the other hand, there’s not as much wiggle room when it comes to paying your taxes, which lots ...

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 ...

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 ...

An independent contractor is someone who works for a business or company but is not an employee. The IRS uses three ...