The Independent Contractor: Could This Be the Business Plan for You
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About the Course
This course will explore the differences between an independent contractor and an employee and address the tax concerns for independent contractors. Additionally, this course will provide insights into the independent contractor agreement and discuss health, property and liability insurances.
Learning objectives
This course will explore the differences between an independent contractor and an employee and address the tax concerns for independent contractors. Additionally, this course will provide insights into the independent contractor agreement and discuss health, property and liability insurances.
Learning objectives
- What is the difference between an Independent Contractor and an Employee?
- How do I know if a worker is an Independent Contractor or an Employee?
- Tax Concerns when Hiring Independent Contractors.
- The Independent Contractor Agreement.
- The Independent Contractor enters the Cosmetology Business.
- Obtaining Taxpayer Identification Numbers.
- Filling out Form 1099.
- New Hire Reporting Requirements.
- Self-Employed Tax Structure.
- Health, Property, and Liability Insurances.