Contractors are a cost-effective hiring solution for companies, especially when the amount of work that needs to get done is less than the amount a full or part-time member of staff would do over the course of an average month.
The financial viability of hiring independent contractors lies in the fact that companies are not responsible for paying their taxes; however, as an employer, you are still responsible for completing the IRS Form 1099-Misc at year-end to maintain compliance.
Get all the facts on retaining, firing, and hiring contractors for small businesses from Wagepoint CMO, Leena Thampan in our guest post for Capterra. Read the full post here: An In-depth Look at Finding, Hiring, and Retaining Contractors.
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