Tag Archives: Independent Contractor

Independent Contractor vs. Employee: Factors to Consider – Categorizing workers as contractors or employees has major tax effects. If this important tax planning detail is overlooked, a business or a business person can be left with the tax bill of its workers. Moreover, the difference in designations can result in significant compliance and overhead costs. The success of a business can depend on this designation; it is often worth the time and money to explore how to do things correctly.