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Generally speaking, independent contractors retain control over their schedule and number of hours worked, jobs accepted, and performance of their job. In addition, they may have a major investment in equipment, furnish all their own supplies, provide their own insurance.
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Sometimes, it is not a straightforward matter to determine who is an independent contractor and who should be classified as an employee. To make a determination, the IRS in the Canada advises taxpayers to look at three aspects of the employment arrangement.
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While some independent contractors may work for a number of different organizations throughout the year, there are also many who retain independent contractor retain independent contractor also many who retain even though they work for the same organization for the entire year.
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Sometimes, it is not a straightforward matter to determine who is an independent contractor and who should be classified as an employee. To make a determination, the IRS in the USA advises taxpayers to look at three aspects of the employment arrangement: financial control, behavioral control, and relationship between the parties.
While some independent contractors may work for a number of different organizations throughout the year, there are also many who retain independent contractor status even though they work for the same organization for the entire year.Generally speaking, independent contractors retain control over their schedule and number of hours worked, jobs accepted, and performance of their job.