The Beginners Guide to Independent Contractors

Do you have a short-term project that requires a specific skill set, but you don’t have the budget to employ a full-time employee just for that task?

Or perhaps you run a small business and could occasionally use the assistance of an expert in certain areas of your business?

If either of these sounds like you, then hiring an independent contractor is the perfect solution.

Hiring an independent contractor or freelancer allows you to source the perfect person for the role while saving on overheads and time spent hiring a full-time employee for a short-term position.

This guide goes through all the important parts of hiring and working with an independent contractor, so you know exactly what you’re in for and how they can help your business thrive.

What is an Independent Contractor?

An independent contractor is someone with a specific skill set who works for themselves, not an employer. They are running their own business.

Independent contractors provide work services under a specific contract and are self-employed. They set their own rates for the work they do for your business. They work with your company, but you do not have to pay for additional benefits like insurance or 401(k) for them. They also pay their own taxes. Independent contractors are also known as freelancers and consultants.

If you choose to work with an independent contractor, they do not become an employee of your organization, and you aren’t liable… Read More