Mostly right

Posted By: nm on 2008-10-22
In Reply to: IC/ Employee - RPM

Taking out taxes isn't an issue, since they don't have to contribute to it.

They do not want to pay the employer's half of SS. The biggest issue, though, is with unemployment insurance and Worker's Comp.

If you're an IC, they can't be accused of laying you off every time they mismanage how much work they have available. They also don't have their UI premiums raised for terminating people, because they didn't "hire" you to begin with.

Complete Discussion Below:

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Statutory Employee vs. Independent contractor - IC or SE
- My CPA told me it was much better - blackswan
  - Your CPA is right because... - XCMT
- As an IC you are (or should) be able to - sm
- IC/ Employee - RPM
  - Mostly right - nm
  - As an SE, all taxes are taken out, but I am wondering if that is reason enough to make a change? sm - ic/se
    - Why would taking taxes out matter?? - nm
      - Yes, it could matter a lot sm - NEMT
    - SE Medicare and SS are taken out, not fed tax. - SEMT
- ic/se - ic/se
  - True IC status - not dictated like that. sm - HappyCat

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