Are Contractor Jobs Stable?
As an independent contractor, you’ll usually make more money than if you were an employee. Companies are willing to pay more for independent contractors because they don’t have the enter into expensive, long-term commitments or pay health benefits, unemployment compensation, Social Security taxes, and Medicare taxes.
Can a US company hire a foreign independent contractor?
Hiring the right people can make or break your business. Many companies are seeking talents outside the US, but they are often not aware of legal consequences of cross-border work relationship. I cover legal issues companies should consider when they hire an independent contractor from a foreign country.
What’s the difference between a contractor and an employee?
In many countries, a contractor who works full-time, exclusively for one principal is a de facto employee. A long-term relationship also helps define an employment relationship. On the other hand, a contractor who provides his or her own office and supplies is more likely seen as an independent contractor.
Is the US labor department investigating independent contractors?
In Fiscal Year 2015, the US Labor Department’s investigation of misclassification of employees as independent contractors recovered more than $246 million in back wages for more than 240,000 workers. When the Labor Department or the IRS finds violations, they will investigate all of a company’s employees and contractors for a three-year period.
