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nicole@bythebooks.me

By The Books 
Business Services
  • Home
  • About
  • Contact Us
  • ADVANTAGES

Advantages of Hiring a 1099 Contractor

Independent Contractor

  

What is an independent contractor?

An independent contractor is a person or entity performing services as a non-employee, which means they work for themselves. Contractors are usually small business owners who are self-employed, pay their own taxes and benefits, and earn a living by working for multiple clients on a short-term or per-project basis. They're often referred to as freelancers.

Benefits of Independent Contractors

 

  • Cost per employee savings (between 20-30% savings in employment taxes and benefits over a regular employee)
  • Reduced office and supplies costs
  • Access to global talent unlocked
  • Staffing flexibility
  • Little or no training expenses
  • A higher level of efficiency
  • Reduced exposure to lawsuits
  • Ending the working relationship is easier


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