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Employee Contract

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Employee Contract
Employees work directly for the company or with another person and it either the employer or manager. An independent contractor for a company or someone else may work with multiple or with self-business, and accept direction, but this factor has ultimately more control over the work she/he accepts, and how, when, and where it is produced. Employees often stay with one employer for a long period of time, whereas an independent contractor is usually only working for the company on a single project or for a short period, although there are exceptions. In the United States, self-employed, sole owners, independent contractors, therefore, it is subject to self-employment tax on their own. Employers must withhold part of their employees' salaries or wages of taxes on salaries. Who is an Employee and who is an independent contractor eventually it comes to the law, especially tax law. For employers, it can sometimes be difficult to determine whether the person who has hired is an employee or an independent contractor, with the US Labor Department said that nearly 30% of the employers from workers classified incorrectly. However, it is important that employers significantly this figure accurately, and failure to do so may lead to the payment of back taxes and fines, and paying the agent. Workers, and accurately determine their type determines whether …show more content…
Independent contractors are included in advisers, freelancers and self-employed, and even businessmen and business owners. In addition, it can be an independent contractor to be the sole owner, a limited liability company, or partnership. Independent contractors can earn a living on their own Independent companies instead of relying on the employer. It is an independent contractor vary from one employee that she or he is usually not eligible for benefits such as health Insurance or paid leave, which is not covered by workers' compensation

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