Contracting Direct or Through a Contract Company
Contracting Direct or Through a Contract Company
(OP)
I have been offered a contracting job from the department manager. A few days after the verbal offer came from the manager, HR called me and said to work at the company as a contractor requires I must either 1) use one of their contract companies and be a 3rd party contractor payed by the contract company or 2) be invoiced directly through my own corporation. For case 1) they said they will try to see if workmans comp can be paid by the contract company without being deduced from my per hr rate and for 2) I must pay workmans comp.
From a tax standpoint I don't need to form a corporation to be an independent contractor and there would be other tax disadvantages as well. I understand corporations are required to pay wc whether they have employees or not. In either case don't think I should pay an 15% for workmans comp . Anyone with experience with with either case of contracting arrangments?
TIA
From a tax standpoint I don't need to form a corporation to be an independent contractor and there would be other tax disadvantages as well. I understand corporations are required to pay wc whether they have employees or not. In either case don't think I should pay an 15% for workmans comp . Anyone with experience with with either case of contracting arrangments?
TIA





RE: Contracting Direct or Through a Contract Company
http://www.cjhunter.com/contracting_intro.html?SIDW=3481ee9e2a46aba441202605caed22d0.VUlEPTg5MjA3ODQy
1.) Don't sell youself to cheap, remember there are things like medical and disablilty insurance you may have to carry yourself.
2.) I f your carrying your own contract get an accountant familiar with your work situation ( it's not that uncommon)
3.)
Remember the IRS- they want quarterly payments.
Here's another site where they discuss contract jobs- there are discussion groups on the lsite.
http://www.roadtechs.com/
RE: Contracting Direct or Through a Contract Company
RE: Contracting Direct or Through a Contract Company
I pay 0.21%
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion
www.kitsonengineering.com
RE: Contracting Direct or Through a Contract Company
www.cehandbook.com
RE: Contracting Direct or Through a Contract Company
Be thankful they gave you this option many employers do not.
ProEpro
www.whitelightdesign.com
Pro/E FAQ www.whitelightdesign.com/servicestips.htm
RE: Contracting Direct or Through a Contract Company
ProEpro
www.whitelightdesign.com
Pro/E FAQ www.whitelightdesign.com/servicestips.htm