When it comes down to the hiring status, between a contractor and employee, most employers have a preference or at least a policy to help govern the designation of these hires. “The IRS and Department of Labor pay close attention to worker classification issues to ensure that employers are making the right determinations”[1] when it comes to employment.
Here are the main differences between employing a contractor or an employee:
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[1] The CPA Journal: Employee Versus Independent Contractor
