Hiring independent contractors instead of employees can save you 15 to 30% on payroll taxes and benefits. Maskot/Getty Images Hiring private contractors can be tricky when it comes to properly filing taxes and worker's comp insurance. If a contractor functions like a full-time employee, misclassifying them which invite hefty penalty fees. If you operate in multiple states, adjust your policies to follow the state with the strictest laws. Jessica Stuart learned the hard way the risks of relying on independent contractors.
Comment on Everything you should know before hiring private contractors for your business
insider@insider.com (Sophie Downes), Business Insider
Fri, 10/15/2021 - 4:00am
Comment On This Story
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more