Bookkeeping

Company payroll automatically deducts employee taxes from monthly pay stubs. Sole proprietors and partners, on the other hand, must pay contractor taxes independently, according to federal law. Companies they work for don’t pay or hold any taxes on their behalf. On the other hand, if you only control the results of that work (but not the process … Περισσότερα

Unlike employees, contractors are self-employed (and usually run their own businesses). A company can hire a contractor (also called a contract employee) to perform a one-off task or project or deliver work on an ongoing basis. Contractors are entitled to decide when, where, how, and even who completes the work, provided that the deliverables meet … Περισσότερα