Jun 24, 2019 - 06:45 PM
Independent contractors might only work on one project or a part of a project for an employer for a certain amount of time and then only get paid after submitting an invoice.
Independent contractors also set their own schedules and deduct their business expenses – such as commuting – on their taxes. Company employees may get better benefits through an employer, have steady work, more access to resources, greater collaboration opportunities and a steady paycheck. When deciding whether to become an independent contractor or an employee, it's also important to consider your strengths and how you like to work.
If you like the independence of setting your own hours, can survive with occasionally erratic pay, don't mind the isolation of often working alone, and consider yourself organized and self-driven, then an independent contractor job may be a good fit. If, however, you need a steady paycheck, work best on a team and don't want to be often looking for new gigs, being an employee may be a better for you.