INDEPENDENT CONTRACTORS
March 7, 2010
Independent contractors are nothing but contractors no need to worry about dependency. Some firms employ independent contractors to perform specific services on a contract basis. However, those contractors must be independent as determined by a 20-item test used by the U.S. Internal Revenue Service and the U.S. Independent contractors are used in a number of areas, including building maintenance, security, and advertising or public relations. Estimates are that employers can save up to 40% by using independent contractors because benefits do not have to be provided.
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