Sunday, March 9, 2008

Independent Contractor



Independent Contractors are individuals (in the work at home field) who are employed by a company but are being contracted for a job. For many companies your job will be flexible. You of course have the benefit of being able to work from home, but make no mistake that you are still tied to the company that has "contracted" your services. The downside is that you normally don't receive any medical benefits from these companies because "technically" your not an employee of theirs. You are being paid to do a service. Also in the subject of taxes. They don't do for you. Normally when becoming and independent contractor you handle your own taxes and they don't take out any. My suggestions is to either get a good accountant because you will be responsible for your own taxes. The goodside is that you can itemize everything that you use to perform your work for the company. You are responsible for all of the items that you will use for the job. Ex: Computer, Fax machines, Copier, Telephone bill etc, but like I said don't stress. You can get all this back via taxes. Always remember to save your receipts! Now thankfully many work at home jobs don't require you to have experience. They are willing to train you. Some have paid training. Some do not, but most of these are online training or done by conference calls. If your the type of person who thinks your not the type who can earn a degree online then working at home won't be for you. Most of the time you have to learn about the job online and without a hands on approach. Most if not all training for work at home jobs are done online. If there's a company locally hiring in your area some may require that you attend training at their facility and then began to work from home. Also what I have learned through many jobs is that if you are going to be doing this you have to find a QUIET work space to do your job. I have known people to get fired because of the noise in the background while they are on the phone with a client doing there job. So mom's out there if ya kids a screamer put them in the basement. Just kidding! All in all there are upsides and downsides to being an indepdent contractor. If you desire to work from home weigh the pros and con's and see what suits you.

No comments: