How Independent Contractors Can Make Your Easy Home Business Shine
Independent contractors are the backbone of many easy home businesses. They can help make your business run like gangbusters. But be careful. If you dont follow the IRS rules, you may end up with one big aching bill.
There are 2 top reasons why home business owners use contract workers. First, they are experts who get the job done quickly. Second, independent contractors save you from having to hire employees.
Employees are costly. Besides wages, there are taxes, insurance and benefits to pay. This is enough to take a big bite out of income. With independent contractors, you pay them by the project and thats it.
Using independent contractors looks like the way to go. Theres only one thing:
You must follow the IRS rules or your business can get into costly trouble.
Lets look at the IRS rules. They tell us what independent contractors do and what they do not do.
Independent Contractors do the Following:
* Use their own tools and work in their own space
* Set their own schedule and work for more than one company
* Get paid by the project and send...
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