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independent contractor
(redirected from Independent contractors)

   Also found in: Medical, Legal, Financial, Wikipedia 0.01 sec.
independent contractor [‚in·də′pen·dənt ′kän‚trak·tər]
(engineering)
One who exercises independent control over the mode and method of operations to produce the results demanded by the contract.


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Sept 15, 2009 A new study released by the Government Accountability Office (GAO) states that when employers improperly classify workers as independent contractors instead of employees, those workers do not receive protections and benefits to which they are entitled, and the employers may fail to pay some taxes they would otherwise be required to pay.
Independent contractors may or may not work for a company but if they do, they are not subject to the same rules or restrictions as ordinary employees.
Independent contractors are responsible for their own taxes, including self-employment taxes, which cover both the employer and employee shares of FICA (the employer share is deductible).
 
 
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