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The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
Income earned as an independent contractor is typically reported with the contractor’s Form 1040 on a Schedule C. The total amount of all income reported on Form 1099-NEC, which has replaced ...
The National Independent Contractors Association, or NICA, is a United States-based organization that describes itself as an alliance of independent contractors. It was founded in 1995 as a corporation by Thomas McGrath, a former contractor in the transportation industry. According to NICA's website, its purpose is to provide services giving ...
It was established in 1999 as the Professional Contractors Group, a protest group against the IR35 tax statute. [1] Later, it expanded its responsibilities to cover the wider interests of freelance consultants and contractors as a representative body for freelancing in the UK. It is a company limited by guarantee, owned and run by its members.
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