Independent
contractor refers to one who provides their services and works to a
business on a contractual basis. An independent contractor agreement
is drawn up when a person is contracted to perform a service
independently as an outsider of another person, business etc.
Independent contractors are not hired for any company but work on a project-to-project basis. A contractor hired own services through
bidding and companies get a good contractor at economic choice. You
can hire independent contractors for specific tasks such as making home
construct building and etc.
Independent contractors enter into an agreement with a business
through a written contract that details the duties and
responsibilities of each. Their career depends on consistently get
over high-quality work, where one bad performance can end their
reputation and endanger future assignments with a company.
Managing
an Independent Contractor
-
A contract must be revisited periodically
-
Set a pay rate and cap the time in increments of a few months
-
Setting really clear expectations from the start
-
Tax obligations
-
Business activity statements
-
Superannuation and your contract: If the hirer is required to pay your Superannuation Guarantee contribution, your contract price may change to reflect the extra expense to the hirer.
-
When the contract ends: work is complete and you have been paid.
Certica®
help manages these issues, making it simple and compliant for
contractors and the businesses that engage their services and
professional team enhances and provides certainty to any contracting
arrangement.
