Independent Contractor Management

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MANAGEMENT
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Independent Contractor
An independent contractor is a person, business,
or corporation that provides goods or services to
another entity under terms specified in a
contract or within a verbal and physical
agreement. Contractors are responsible for
paying their own income and self-employment taxes
and may deduct business related expenses on
Schedule C of their income tax return.
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Advantages

• Become your own boss
• Maintain a good work/life balance
• Earn more money
• Flexibility in Staffing
• Start on a part-time basis

Disadvantages

• Less control over worker
• Face a risk of government audits
• No guarantee of upcoming projects
• Own risk on profit and loss

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Importance Of Contract in Independent Contractors
work journey
It provide confidentiality security between two
parties. It allows better working relationships
and if it does go wrong, you have a bit of paper
that makes it clear what should have happened
from the outset. this is a helps to understand
the own role in work. Contractor works within
the contract
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Common Mistake In Contract

•  Hiring independent contractors without a written
  contract.
• Allowing the Worker to Classify the Relationship
• Consequences for Misclassifying
• Method of Payment
• Viewing benefits as a determining factor

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Common Mistakes Of Contractor

• Not being financially responsible
• Being too picky
• Not being prepared for an interview
• Not maintaining your skills set
• Lack of industry knowledge
• Not Knowing the Cost of Work
• Pursuing a Foolish Strategy

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Conclusion..
Today, independent contractor are in trends and
in boom. To work as contractor is easy as well
risky in some how like agreement which include
the responsibility of contractor, term and
condition specify the work time interval, project
budget. It must fill with legal adviser which
help to take out uncertainty out of contracting,
make it simple and compliant. Certica , help in
make contract simple and compliant for contractor
and the business that engage their services. They
help in managing the independent contractor,
finance management, aware tax .
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http//certica.com.au
Address- 457 Upper Edward Street Spring Hill
QLD 4000Phone No.- 1300 301 401 info_at_certica.com
.au