Jobs Find List

Categories


Location

Self-Employment vs. Independent Contractor

At first glance, there doesn't seem to be a difference between the self-employed and the independent contractor. Both institute control over their time and the projects that they choose to take. Both pay self-employment taxes and must continually engage clients or customers in order to make their business grow. The main differences lie in who the self-employed and the independent contractor answer to regarding the completion of projects as well as who controls the goals to desired results.

Complete Business Control

Independent contractors may be self-employed, but not all self-employed are independent contractors. The freedom to call your own shots, establish your objectives and and how you reach them are hallmark perks of self-employment. Initiating projects and day-to-day activities, controlling procedures and taking the entire responsibility for their outcomes is a key reason many business owners go into self-employment in the first place. Independent contractors answer to their clients and do not have complete control.

Result-Oriented Goals

Independent contractors work for others, but are not company employees. They have the freedom to contract with any client and to establish the means to complete projects based on the guidelines set down by the client. They must adhere to the goals or results that their client needs to achieve. Self-employed individuals who are not independent contractors have complete freedom from beginning to end of projects.

Keeping the Books

Self-employed sole proprietors, whether independent contractor or not, must pay self-employment taxes and file Schedule C with their IRS 1040 tax form. Self employment taxes currently equal 13.3 percent of the self-employed's net income. The independent contractor receives a 1099-MISC form from each of his clients detailing how much earnings were paid by the client for the contractor's services over the year. The self-employed who do not contract independently will not receive a 1099-MISC.

Hiring Out

If a self-employed individual chooses to take on a project from another client, that individual will still be self-employed, but will temporarily become an independent contractor until that job is finished. A 1099-MISC form will be issued, although the individual is still considered self-employed and therefore will be subject to self-employment tax even for the time worked as an independent contractor.



Tips to Find a Job from Millions of Job Listings Online in United Kingdom

What Is the Meaning of a Career Objective?

A career objective is a short statement that defines the position you are seeking, setting the tone for the rest of your resume. This step of resume writing is critical because it is the first thing a potential employer will read--and if not well-crafted, it could be the last. The goal is to inspir ...

Job Satisfaction & Turnover

Job satisfaction and turnover have a strong correlation. Turnover is the ratio of employees leaving jobs with a company as a percentage of total employees in the organization. Job satisfaction is commonly linked to turnover ratios. Employees who are generally satisfied at work tend to stay, while di ...

Is Plumbing a Good-Paying Career?

A plumber is a skilled tradesman. The proper flow of water and waste through pipes is essential to the functioning of businesses and residential households. A trained plumber can count on a reliable source of income.Salary According to career search site Payscale, the average salary of a plumber ra ...

Assistant Director of Nursing Services Job Description

The assistant director of nursing services works under the director of nursing. The assistant director usually is second in command. Candidates interested in this role typically are licensed practicing registered nurses. The assistant director of nursing services assists with day-to-day functions wi ...

Cable Technician Job Description

Cable technicians are professionals who install, repair and maintain cable systems. Once cables are in place, they ensure that cable television and Internet services work properly. Cable technicians must have technical abilities, physical strength and the ability to work on a team.General Duties Ca ...

Maintenance Administrator Job Description

A maintenance administrator ensures that an organization's machinery, equipment and other operating mechanisms are adequate and functional. The administrator also oversees all repair, installation and maintenance work on these mechanisms and machines.Duties A maintenance administrator orders suppli ...

Change Careers if You Already Have a Bachelor's Degree

Two thousand eighty hours. Or 24 percent of every year. That is how much time Americans working eight hours a day spend at their full-time jobs, year after year. For people who hate their jobs -- or just desperately need a change -- switching careers makes sense at any age. Bachelor's degree holders ...

Job Descriptions & Duties in Accounting

For students interested in working in the accounting industry, there are several different job titles in the field. Accountants and auditors often hold bachelor's or master's degrees while accounting and auditing clerks typically have a high school diploma and some on-the-job training.Accountants T ...

What Are Some Related Jobs for Cosmetologists?

Job opportunities for personal appearance professionals through 2016 will grow by 14 percent, according to estimates by the Bureau of Labor Statistics. This gives cosmetologists an opportunity to use their experience in related jobs within this field.Salon Managers Salon managers are responsible fo ...

Describe Yourself for a Job

You are your best agent. Only you really know what your strengths, weaknesses and true potential are. You know yourself the best. Describing yourself for a job is putting that knowledge to work. Your description should be favorable but honest. Discuss your experience in a cohesive, concise way. Ins ...

Restaurant Owner Job Description

Restaurant owners are the backbone of restaurants. Food is of primary importance, but restaurant owners must ensure that food is served in a welcoming environment. A restaurant owner must also make sure that a restaurant gets noticed, both through advertising and reviews. A restaurant owner may dele ...

Get a Job on a Tuna Boat

If you are lured by the romance of being at sea, working on a tuna boat may appeal to you. According to the Occupational Outlook Handbook, 2010, working on a fishing boat is one of the most strenuous occupations you can choose. It also involves long hours, seasonal employment and hazardous working c ...

Different Careers in Real Estate

Choosing a career in real estate does not necessarily mean choosing to become a real estate agent. While real estate agents are the most visible, many other people work behind the scenes to close real estate deals. The real estate industry is far-reaching and encompasses everything from buying and s ...

Help a Teen Find a Job

If you're like most parents, the last thing you want to see is your teen happily adjusted to life on your living room sofa. So if you and your teen are ready to kick-start the job-hunting process, get a solid game plan together to ensure a successful outcome. Some teens may be a bit reluctant to lea ...

Job Description of a Research Consultant

As a profession, research consulting is sometimes grouped in with management analysis or consulting, according to the Bureau of Labor Statistics. Research consultants are usually highly skilled in all phases of marketing research, from designing a particular study to determining an appropriate sampl ...