<\/p>\n

In Vizcaino v. Microsoft Corporation, the court found that Microsoft had mischaracterized certain workers as independent contractors and freelancers. Although the workers had been hired for specific projects, some continued to work on successive projects for several years. They were fully integrated into Microsoft\u2019s workforce, and worked onsite and on work teams along with Microsoft\u2019s regular employees. They also shared the same supervisors, performed identical functions and worked the same core hours as regular employees. Microsoft provided them with admittance card keys, office equipment and supplies.<\/p>\n<\/p>\n

\n
• Not only did this help the company reverse a decline in gross profits and net income, but it also resulted in more reasonable staff hours and increased employee morale.<\/li>\n
• Let\u2019s say during the year you earn $40,000 as an independent contractor from working with two companies.<\/li>\n
• Employees receive minimum wage, overtime, and other protections under the FLSA, while independent contractors aren\u2019t covered by the law.<\/li>\n
• CICPAC members are dedicated to bringing the latest resources to our construction industry friends.<\/li>\n
• Above all else, the most significant benefit of utilizing accounting software is creating accuracy and order within your business.<\/li>\n<\/ul>\n

  She lives in Omaha, Nebraska, where she enjoys cooking, reading, and spending time outdoors with her husband, son, and their rescue dog, Dexter. We\u2019ll continue with the same scenario to estimate your federal income taxes. And let\u2019s assume you\u2019re single, have no other income and claim the standard deduction. For simplicity, we will ignore certain tax credits and deductions, such as the Qualified Business Income deduction. As an independent contractor, be prepared for additional tax deadlines.<\/p>\n<\/p>\n

  Independent contractor tax deadlines<\/h2>\n<\/p>\n

  Paying taxes and having accurate snapshots of what you are estimated to pay in taxes helps a lot. Paying in your estimated taxes every month or quarter will help you avoid unexpected tax liability. Here’s how FreshBook’s four plans shake out in terms of cost and features. It’s important to note that we provided the regular monthly pricing, but each plan except for the Select plan are discounted by 50% for the first six months and includes a 30-day free trial.<\/p>\n<\/p>\n