📌 How do you pay an independent contractor? #accounting

It’s pretty straightforward! Simply put: You just pay them for the job done.

Here’s what you don’t pay independent contractors for:

❌ No withholding for taxes, social security, or Medicare.
❌ No federal or state withholdings.
❌ No FICA, social security, or Medicaid obligations.
❌ No unemployment benefits or typical labor law applicabilities.

Stay informed and handle your business payments correctly!