Employees vs. Inedpendent Contractors
As an independent contractor, you are able to create your own schedule, get paid per minute, per hour or per contract and file a W9 each year. The 1st check is not withheld, taxes are not deducted from each paycheck, and earnings are not reported to the IRS.
As an employee, you are able to choose from a preset schedule, get paid by the hour and file a W2 each year. The 1st check is withheld, taxes are deducted from each paycheck or invoice, and earnings are reported to the IRS.
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