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What are some perks about working as IC status ? - needanswer


Posted: Nov 17, 2011

I've always been employee status.  What are some perks about working as an IC?

One advantage is the tax writeoffs... - Sara

[ In Reply To ..]
nm

How about time off? - needanswer

[ In Reply To ..]
Is it difficult to request time off as an IC especially since there is no PL time?

IC versus employee - beenboth

[ In Reply To ..]
As an IC, you have no sick time, no vacation time and your taxes are all your responsibility. You may or may not be able to choose your own hours.

As an employee, usually you have benefits, PTO/sick time and your employer contributes to your taxes. Your schedule is usually set for you.

I doubt I will ever be an IC again.
IC vs employee - Alice
[ In Reply To ..]
I'm told that we can still deduct some employee expenses from our taxes, such as equipment and DSL, etc., even when we are employees as opposed to IC's.

Personally, I've been an IC and I'm sick of being treated like an employee with no benefits.

IC Status - Fussy

[ In Reply To ..]
I'm doing both. As an IC I make about $40 an hour. As an employee, I make $15. I pay for my own insurance and have to get backup for time off, but it's worth it to me. I can work my own hours as an IC (within the 24-hour turnaround). I just like the freedom. However, the good work is drying up and that's why I'm also a part-time employee. Gotta make ends meet.

Thanks everyone for the info. - needanswer

[ In Reply To ..]
I've never been an IC. I see that most jobs I'm applying for are IC status. I guess there are pros and cons to it. At this point, I'd be happy just to find a job, been out of work for a month now.


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