An Independent Contractor is a self-employed individual hired for specific tasks or projects, not considered an employee, and responsible for their own taxes and benefits.
- What is an independent contractor?
Answer: It is a self-employed individual hired for specific tasks, not an employee. - How do they differ from employees?
Answer: They control their work, pay their own taxes, and lack benefits. - What are examples?
Answer: Examples include freelance writers and consultants. - What are the legal considerations?
Answer: Misclassification can lead to IRS penalties or lawsuits. - How does HR manage them?
Answer: HR issues contracts and ensures compliance.
