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How to Hire a Contractor for Your Small Business

How to hire an independent contractor for your small business. Classification tests, W-9, ICA, misclassification risks, and onboarding workflow.

Nick Anisimov

Nick Anisimov

FirstHR Founder

Hiring
22 min

How to Hire a Contractor

The complete guide for small businesses hiring independent contractors, with classification tests, required forms, and onboarding workflow

This guide covers how to hire an independent contractor (1099 worker) for your small business. If you are looking for a guide on hiring a construction or home improvement contractor, this is not the right resource.

The first contractor I hired was a freelance designer for a brand refresh project. I found her on a referral, agreed on a rate over email, sent payment via Venmo, and never collected a W-9 or signed an agreement. When tax season arrived and I needed to file a 1099-NEC, I realized I did not have her taxpayer ID. I also realized that if the IRS had audited our working arrangement, the lack of documentation would have made it very difficult to prove she was actually a contractor and not an employee I was paying off the books.

That experience taught me that hiring a contractor correctly is not complicated, but skipping the steps creates expensive problems. This guide covers the full process: how to determine if a worker qualifies as a contractor, the classification tests the IRS and DOL use, the forms you need, how to structure the agreement, what triggers audits, and how to onboard contractors properly. It is written for US small businesses with 5 to 50 employees and no dedicated HR or legal team.

TL;DR
Hiring a contractor requires three things most small businesses skip: confirming the worker qualifies as a contractor (not just calling them one), collecting a W-9 before the first payment, and signing an Independent Contractor Agreement. Misclassifying an employee as a contractor exposes your business to back taxes, penalties, and potential FLSA violations. The 7-step process: classify the role, define the scope, collect the W-9, sign the ICA, add NDA/IP if needed, provision access, and set payment terms.

When to Hire a Contractor vs an Employee

The decision between contractor and employee is not about cost or preference. It is a legal classification based on the nature of the working relationship. The IRS and the Department of Labor both have tests to determine classification, and they do not always agree. When in doubt, the safest path is to classify the worker as an employee. The penalties for misclassifying an employee as a contractor are severe. There is no penalty for classifying a contractor as an employee.

FactorIndependent ContractorW-2 Employee
Control over how work is doneWorker controls methods, tools, and approachEmployer directs how, when, and where work is done
ScheduleContractor sets own hoursEmployer sets work schedule
Equipment and toolsContractor provides their ownEmployer provides equipment
PaymentPer project, per milestone, or per deliverableRegular payroll (hourly, salary, commission)
DurationProject-based with defined end dateOngoing, indefinite employment relationship
TrainingNot provided (contractor already has skills)Employer provides training on methods
ExclusivityCan work for multiple clients simultaneouslyTypically works exclusively for employer
BenefitsNone from the hiring companyHealth insurance, PTO, retirement, etc.
Tax formsW-9 (from contractor), 1099-NEC (from employer at year end)I-9, W-4 (from employee), W-2 (from employer at year end)
Tax withholdingContractor handles own taxesEmployer withholds income tax, FICA, state taxes

The critical principle: classification is determined by the actual working relationship, not by what you write in the contract. You cannot convert an employee into a contractor simply by calling them one, changing their payment method, or having them sign an agreement that says "independent contractor." If the working relationship has the characteristics of employment (you control the how, not just the what), the worker is an employee regardless of the label. The employee vs contractor guide covers this distinction in depth with the IRS economic substance doctrine.

The Label Does Not Determine Classification
The IRS explicitly states that the relationship between the parties, not the label, determines classification. A signed "Independent Contractor Agreement" does not make someone a contractor if the actual working arrangement looks like employment. Calling someone a "freelancer," "consultant," or "1099 worker" does not change the legal reality. The classification tests look at how the work is actually performed, not what you call the person doing it.

The Three Classification Tests You Need to Know

Three different classification frameworks apply to independent contractors in the United States. The federal IRS test and DOL test use different criteria and can reach different conclusions about the same worker. State-level tests (particularly the ABC test used in California, Massachusetts, New Jersey, Illinois, and a growing number of other states) are often stricter than the federal tests. You need to satisfy all applicable tests, not just one.

IRS Three-Factor Test (Federal)IRS
1.Behavioral control: Do you control when, where, and how the worker does the job?
2.Financial control: Do you control the business aspects (tools, expenses, profit opportunity)?
3.Relationship type: Is there a written contract? Benefits? Permanency?
BOTTOM LINEIf you control the how, not just the what, the worker is likely an employee.
DOL Economic Reality Test (FLSA)DOL
1.Opportunity for profit or loss based on managerial skill
2.Investment by the worker and the employer
3.Degree of permanence of the relationship
4.Nature and degree of control by the employer
5.Whether the work is integral to the employer's business
6.Skill and initiative of the worker
BOTTOM LINEWorkers who are economically dependent on the employer are employees under FLSA.
ABC Test (CA, MA, NJ, IL, and others)State law
1.A: Worker is free from control and direction
2.B: Worker performs work outside the usual course of the hiring entity's business
3.C: Worker is customarily engaged in an independently established trade or business
BOTTOM LINEWorker is a contractor only if ALL three prongs are met. Strictest test.

The practical implication for small businesses: if your state uses the ABC test, it is the test that matters most because it is the strictest. Under the ABC test, the worker is assumed to be an employee unless you can prove all three prongs. Prong B is the most difficult for small businesses: the work must be "outside the usual course of the hiring entity's business." A marketing agency hiring a freelance copywriter may struggle with Prong B because copywriting is within the agency's usual business. The same agency hiring a freelance plumber to fix the office bathroom clearly passes Prong B.

If you are unsure about classification, the IRS offers Form SS-8 (Determination of Worker Status) to request a formal ruling. The human resource laws guide covers the broader legal framework that applies to all employment relationships. For state-specific requirements, the compliance hub provides state-by-state guides.

What worked for me
I use a 5-minute gut check before engaging any contractor. Three questions: (1) Am I hiring this person for a specific project with a defined end, or for ongoing work that never really ends? (2) Does this person have other clients, or will they work exclusively for me? (3) Am I going to tell them how to do the work, or just what I need delivered? If the answers are "ongoing, exclusive, and I will train them," that is an employee. If the answers are "project, multiple clients, and they already know how," that is a contractor. This is not a legal test, but it catches the obvious cases before I do the formal analysis.
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The Real Cost of Misclassification

Misclassifying an employee as an independent contractor is one of the most expensive compliance mistakes a small business can make. The penalties come from multiple agencies simultaneously: the IRS for unpaid employment taxes, the DOL for FLSA violations, the state for unemployment insurance and workers compensation, and potentially the worker themselves in a private lawsuit.

Federal income tax100% of employee share of income tax not withheldIRC Section 3509
FICA (Social Security + Medicare)Employer share (7.65%) + 20% of employee share + interestIRC Section 3509
FUTA (unemployment tax)$42/worker/year (if state taxes paid) to full FUTA liabilityIRC Section 3306
State unemploymentFull SUI liability + penalties + interest (varies by state)State law
Workers compBack premiums + penalties (2x-3x premium in some states)State law
DOL FLSA violationsBack pay + liquidated damages (2x back wages) + attorney feesFLSA Section 16(b)
Willful misclassification$1,000-$5,000 per worker (criminal); up to $50,000+ per caseFederal + state
The Five-Worker Scenario
A small business that misclassifies 5 workers as contractors for 3 years faces combined exposure of approximately $150,000-$250,000 when you add federal back taxes, state unemployment and workers comp back premiums, potential FLSA overtime liability, and penalties. The FedEx misclassification case resulted in a $228 million settlement (SHRM). You do not need to be FedEx for the IRS to audit you. Small business audits for worker classification are increasing.

The IRS does offer a voluntary classification settlement program (VCSP) that allows businesses to reclassify workers prospectively with reduced penalties. If you discover you have misclassified workers, correcting the issue voluntarily is significantly cheaper than waiting for an audit. The compliance onboarding guide covers the broader compliance framework that applies when you bring any worker (employee or contractor) into your business.

How to Hire an Independent Contractor: 7 Steps

The process of hiring a contractor is simpler than hiring an employee in some ways (no I-9, no tax withholding, no benefits enrollment) and more legally nuanced in others (classification risk, agreement structure, payment compliance). These 7 steps cover the complete process from initial decision through first payment.

1
Step 1: Confirm the role qualifies as contractor work
Run the classification tests before you engage anyone. Define the project scope, confirm the worker controls how the work is performed, and verify the engagement has a defined end date. If you cannot clearly pass the IRS three-factor test and your state's test, hire the person as an employee.
2
Step 2: Define the project scope and write a Statement of Work
Create a SOW that describes the specific deliverable, timeline, milestones (if applicable), and acceptance criteria. This document proves the engagement is project-based. Be specific: 'Redesign the company website by August 15 with 8 pages and mobile responsiveness' not 'handle web stuff as needed.'
3
Step 3: Collect the W-9 before the first payment
Request a completed IRS Form W-9 from the contractor. This provides their legal name, business name (if applicable), tax classification (sole proprietor, LLC, corporation), and TIN (SSN or EIN). You need this information to file the 1099-NEC at year end. Never pay a contractor before receiving their W-9.
4
Step 4: Sign an Independent Contractor Agreement
The ICA is the foundational legal document. It should include: description of services, payment terms, project timeline, IP ownership, confidentiality obligations, termination conditions, and a clause affirming the independent contractor relationship. Both parties sign. Use e-signature for speed and documentation.
5
Step 5: Add NDA and IP assignment if applicable
If the contractor will access proprietary information, have them sign an NDA. If they will create intellectual property (code, designs, content, inventions), execute an IP assignment agreement. These are separate from the ICA because they serve different legal purposes and may survive termination of the contractor relationship.
6
Step 6: Provision limited access to tools and systems
Give the contractor access only to what they need for the project. Use a contractor-specific account (not a standard employee account) labeled clearly in your system. Document the access granted and the expected revocation date. This limits both security risk and the appearance of an employment relationship.
7
Step 7: Set up invoicing and payment terms
The contractor submits invoices for work completed. You pay based on the terms in the ICA (net-15, net-30, per milestone). Never run contractor payments through payroll software. Use a separate payment method (business check, ACH transfer, or a platform that generates 1099 reporting).

Step 1 is the most important and the most commonly skipped. Small businesses often start at Step 3 (collecting paperwork) without confirming that the worker actually qualifies as a contractor. If the classification is wrong, all the paperwork in the world does not protect you. The contractor onboarding guide covers the post-hire process in detail: how to onboard the contractor into your systems, training boundaries, and the 30-day checklist.

What worked for me
I created a 3-document packet that every contractor signs before work begins: W-9, ICA, and NDA (if they will see proprietary information). I send all three via e-signature through FirstHR in one batch. The contractor signs everything in 10 minutes, I get completed documents stored automatically, and I have a paper trail from Day 1. Before I set this up, I was chasing documents weeks after work had already started.

Required Forms and Deadlines

The forms required for hiring a contractor are simpler than employee paperwork (no I-9, no W-4, no state withholding), but the deadlines are strict and the penalties for missing them are real.

FormWhat It IsWhen to Collect/FilePenalty for Missing
W-9Contractor provides their TIN and tax classificationBefore the first paymentCannot file accurate 1099-NEC; backup withholding (24%) may apply
1099-NECReports payments of $600+ to the IRSFile by January 31 (to IRS and contractor)$60-$310 per form depending on how late; $630 per form if intentional
ICAIndependent Contractor Agreement defining the relationshipBefore work beginsNo legal penalty, but no documentation to defend classification
W-8BENForeign contractor provides their tax statusBefore first payment to non-US contractor30% withholding required without this form
State formsSome states require contractor reporting (varies)Varies by stateVaries; check your state compliance hub

The most common mistake: paying a contractor before collecting the W-9. Once money has been sent, leverage to collect the form drops significantly. Make W-9 collection a hard prerequisite for the first payment. The IRS forms guide lists all tax obligations for businesses that use independent contractors.

The $600 Reporting Threshold

If you pay an independent contractor $600 or more in a calendar year, you must file a 1099-NEC with the IRS and provide a copy to the contractor by January 31 of the following year. The $600 threshold is cumulative across all payments to that contractor during the year. Track payments to each contractor throughout the year so you are not scrambling to calculate totals in January.

Payments below $600 do not require a 1099-NEC, but the contractor is still required to report the income. Payments made via credit card, debit card, or third-party payment networks (PayPal, Venmo business, Stripe) are reported by the payment processor on 1099-K, not by you on 1099-NEC. Direct payments (check, ACH, wire, cash) are your reporting responsibility.

Track Contractor Payments All Year
Do not wait until January to calculate whether you owe a 1099-NEC. Add a simple row to your accounting software or spreadsheet for each contractor: name, W-9 status, and cumulative payments year-to-date. When a contractor crosses $600, flag them for 1099 filing. This takes 30 seconds per payment and prevents the January panic of reconstructing a year of transactions.
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Contractor Onboarding vs Employee Onboarding

Contractor onboarding and employee onboarding share some structural elements (access provisioning, document collection, project context) but differ in critical ways. The differences are not just procedural. They are legal boundaries that protect your classification.

ElementEmployee OnboardingContractor Onboarding
Tax formsI-9, W-4, state withholding formsW-9 only
Legal agreementOffer letter (at-will employment)Independent Contractor Agreement + SOW
Benefits enrollmentHealth, dental, 401k, PTONone (contractor is self-employed)
TrainingRole training, company culture, tools, processesProject-specific information only (not how to do the work)
EquipmentCompany provides laptop, phone, etc.Contractor uses own equipment
System accessFull employee accounts (email, Slack, all tools)Limited project-specific access with contractor-labeled accounts
Check-insDay 7, 30, 60, 90 reviewsProject milestone reviews only
DurationIndefinite (at-will)Defined project end date
OffboardingKnowledge transfer, exit interview, COBRARevoke access, final invoice, 1099-NEC at year end

The legal boundaries matter. If your contractor "onboarding" includes mandatory company culture training, required attendance at all-hands meetings, and a 90-day performance review, you have onboarded an employee, regardless of the contract language. Keep contractor onboarding focused on project scope, system access, and deliverable expectations. Nothing more. The employee onboarding checklist shows the full employee process for comparison.

For employee onboarding, the process includes compliance paperwork (I-9, W-4, state forms), 30-60-90 day plans, training assignments, buddy programs, and regular check-ins through the first 90 days. Contractor onboarding is deliberately lighter because a heavy onboarding process creates evidence of an employment relationship.

6 Mistakes That Trigger IRS Audits

The IRS and state agencies audit worker classification more frequently than most small business owners realize. These are the 6 behavioral patterns that most commonly trigger scrutiny, either through a directed audit or when a misclassified worker files for unemployment or workers compensation and the agency investigates.

Setting specific work hours or shifts
WHY IT IS RISKYContractors control their own schedule. If you dictate when they work (9 AM to 5 PM, Monday to Friday), that is behavioral control.
WHAT TO DO INSTEADSet deadlines for deliverables, not hours. Say 'deliver by Friday' not 'work Tuesday through Thursday.'
Providing a company email or business cards
WHY IT IS RISKYThese create the appearance of an employment relationship. A contractor with a @yourcompany.com email looks like an employee to the IRS.
WHAT TO DO INSTEADContractors use their own email and branding. If they need system access, create a clearly labeled external/contractor account.
Including contractors in staff meetings or performance reviews
WHY IT IS RISKYRegular participation in internal meetings and formal reviews signals an ongoing employment relationship, not a project engagement.
WHAT TO DO INSTEADHold project-specific meetings. Provide project feedback, not performance reviews. Keep contractor touchpoints separate from employee rituals.
Paying on a regular payroll schedule
WHY IT IS RISKYContractors invoice for completed work. Paying them bi-weekly on the same schedule as employees looks like payroll, not project payments.
WHAT TO DO INSTEADPay contractors on invoice submission, net-15 or net-30 terms. Never run contractor payments through your payroll system.
Providing training on how to do the work
WHY IT IS RISKYYou hire contractors because they already know how to do the work. Extensive training suggests the worker is not independently skilled.
WHAT TO DO INSTEADProvide what to deliver (project specs) and when. Not how. If the person needs significant training, they should probably be an employee.
Renewing contracts indefinitely without project scope changes
WHY IT IS RISKYA contractor who has worked continuously for 3 years on rolling 6-month contracts looks like a permanent employee with a misleading title.
WHAT TO DO INSTEADEach engagement should have a defined project, deliverable, and end date. If the need is ongoing, evaluate whether the role should be a W-2 position.

The pattern across all six mistakes: they blur the line between contractor and employee by adding elements of control that characterize employment. Each one individually raises questions. Two or three together create a strong case for misclassification. All six together make the case nearly impossible to defend.

The practical rule: if you would not do it to a plumber you hired to fix your office bathroom, do not do it to your marketing contractor. You do not set the plumber's hours, give them a company email, invite them to your team meetings, or pay them bi-weekly on payroll. Apply the same logic to every contractor engagement. The HR rules and regulations guide covers the complete set of federal and state employment regulations.

When to Use Contractor Management Software

The tools you need to manage contractors depend on volume. At one contractor, a folder with three documents (W-9, ICA, SOW) and a row in your accounting software is sufficient. At 5+ concurrent contractors, the administrative overhead of tracking documents, access, payments, and year-end 1099 filing justifies a system.

Contractor VolumeWhat You NeedRecommended Approach
1-2 contractorsW-9 + ICA storage, payment tracking, 1099 filingGoogle Drive folder + accounting software (QuickBooks, Xero)
3-5 contractorsAdd: e-signature for agreements, access tracking, document expiration alertsOnboarding platform with e-signature + accounting software
5-10 contractorsAdd: contractor profiles in HR system, automated document collection, centralized access managementHR platform that handles both employees and contractors in one system
10+ contractorsAdd: 1099 batch filing, contractor self-service portal, compliance dashboardsDedicated contractor management or full HR platform with contractor module

The key capability that matters from contractor number one: e-signature for the ICA and W-9. Printing, signing, scanning, and emailing PDF contracts is slow, error-prone, and creates a filing nightmare. E-signature takes 10 minutes for both parties and produces a timestamped, legally valid, automatically stored document. FirstHR handles contractor document collection and e-signature alongside employee onboarding at $98/month flat, so you do not need separate tools for W-2 and 1099 workers.

The tool that most small businesses do not need: a dedicated contractor management platform designed for companies with 20+ contractors, international payments, and automated 1099 generation. At 3 to 10 US-based contractors, the per-contractor pricing ($29-$49 per contractor per month) exceeds the value compared to a flat-fee platform. The contractor onboarding software comparison covers when each tool category makes sense.

Converting a Contractor to an Employee

Sometimes a contractor engagement evolves into a permanent need. When the "project" has been renewed three times and the contractor works 30+ hours per week exclusively for your company, it is time to have the conversion conversation. Converting a contractor to an employee is straightforward: end the contractor agreement, complete full employee onboarding paperwork (I-9, W-4, state forms), add them to payroll and benefits, and adjust the working relationship accordingly.

The conversion is forward-looking. You do not retroactively reclassify past contractor payments as wages. The employee start date is the conversion date. Document the reason for the conversion (role became permanent, scope changed, ongoing need identified) in case the classification of the prior contractor period is ever questioned.

Having one onboarding system that handles both contractors and employees makes this transition smoother. The person already has a profile in your system; you change their classification, trigger the employee onboarding workflow, and the system generates the right forms. The how to hire employees guide covers the full W-2 hiring process.

What worked for me
I have converted two contractors to full-time employees over the past few years. Both times, the trigger was the same: the "project" had been renewed 4 times, they were working 35+ hours per week exclusively for us, and I was setting their priorities in weekly meetings. By every classification test, they were employees. Converting them was the right legal move, and both were happy to get benefits and stability. The conversion paperwork took 30 minutes in FirstHR because they already had contractor profiles in the system.
Key Takeaways
Classification is determined by the actual working relationship, not the contract label. If you control how the work is done (not just what is delivered), the worker is an employee regardless of what you call them.
Three classification tests apply: the IRS three-factor test, the DOL economic reality test, and state-level tests (ABC test in CA, MA, NJ, IL, and others). The strictest applicable test governs.
Misclassifying 5 workers for 3 years can cost $150,000-$250,000 in back taxes, penalties, FLSA violations, and state liability. The IRS offers a voluntary correction program that is significantly cheaper than waiting for an audit.
Three documents are non-negotiable before work begins: W-9 (tax ID), Independent Contractor Agreement (defines the relationship), and Statement of Work (defines the project). Never pay before collecting the W-9.
File 1099-NEC by January 31 for any contractor you paid $600 or more during the calendar year. Track cumulative payments throughout the year to avoid the January scramble.
Contractor onboarding must be deliberately lighter than employee onboarding. Mandatory culture training, company email, regular performance reviews, and payroll-style payments all create evidence of employment.
Six behaviors trigger IRS audits: setting work hours, providing company email, including contractors in staff meetings, paying on payroll schedule, providing training on methods, and renewing contracts indefinitely.
E-signature for the ICA and W-9 is the single highest-ROI tool for contractor management. At 3+ concurrent contractors, an HR platform that handles both employees and contractors saves significant administrative time.

Frequently Asked Questions

Do I need an EIN to hire an independent contractor?

You do not need an EIN specifically to hire an independent contractor. However, you need an EIN to file 1099-NEC forms with the IRS, which is required if you pay a contractor $600 or more in a calendar year. Most small businesses already have an EIN for payroll, banking, or tax filing purposes. If you do not have one, you can apply for free on the IRS website and receive it immediately online.

How do I pay an independent contractor?

Pay contractors based on invoices they submit for completed work, not on a regular payroll schedule. Common payment methods include business check, ACH bank transfer, wire transfer, or payment platforms like PayPal or Venmo (business accounts). Never run contractor payments through your payroll system because this creates a record that looks like employment. Agree on payment terms (net-15, net-30) in the Independent Contractor Agreement before work begins.

What is the difference between a 1099 contractor and a W-2 employee?

A 1099 contractor is a self-employed worker who controls how, when, and where they perform work. A W-2 employee works under your direction and control. Key differences: contractors submit W-9 forms and receive 1099-NEC at year end; employees complete I-9 and W-4 forms and receive W-2. Contractors handle their own taxes and benefits. Employees have taxes withheld and may receive employer-provided benefits. The classification is based on the nature of the working relationship, not on what you call the worker.

Can an independent contractor work full time for one client?

There is no legal prohibition against a contractor working full-time hours for a single client. However, exclusivity combined with behavioral control (setting hours, dictating methods, requiring onsite presence) is one of the strongest indicators of misclassification. If a worker works 40 hours per week, exclusively for your company, using your equipment, at your office, on your schedule, the IRS will likely classify them as an employee regardless of what the contract says. The arrangement itself determines classification, not the label.

What is the $600 threshold for 1099-NEC?

If you pay an independent contractor $600 or more in a calendar year, you must file a 1099-NEC with the IRS and provide a copy to the contractor by January 31 of the following year. Payments below $600 do not require a 1099-NEC, but the contractor is still required to report the income on their tax return. The $600 threshold applies per contractor per year, not per payment. Track cumulative payments to each contractor throughout the year.

What forms do I need to hire a 1099 contractor?

Two forms are essential. First, collect a W-9 (Request for Taxpayer Identification Number) from the contractor before you make any payment. This gives you their legal name, business name, tax classification, and Social Security or EIN number. Second, file a 1099-NEC (Nonemployee Compensation) with the IRS by January 31 if you paid the contractor $600 or more during the calendar year. Beyond tax forms, you should also have a signed Independent Contractor Agreement (ICA) that defines the scope of work, payment terms, and the independent nature of the relationship.

What happens if I misclassify an employee as a contractor?

Misclassification exposes your business to back taxes (employer share of FICA, income tax withholding), penalties, interest, state unemployment tax liability, workers compensation back premiums, and potential FLSA violations (overtime, minimum wage). For willful misclassification, criminal penalties apply. The financial exposure for misclassifying 5 workers over 3 years can exceed $200,000 when you combine federal taxes, state penalties, and back wages. The IRS, DOL, and state agencies actively audit for misclassification.

Do I need a written contract to hire a contractor?

While federal law does not require a written contract to hire an independent contractor, operating without one is extremely risky. A written Independent Contractor Agreement (ICA) establishes the independent nature of the relationship, defines project scope and deliverables, sets payment terms, assigns intellectual property rights, and protects both parties. In a misclassification audit, a well-drafted ICA that accurately reflects the working arrangement is evidence supporting contractor status. Without a written agreement, you have no documentation to support your classification decision.

Can I convert a contractor to a full-time employee?

Yes, and many growing businesses do this when a project role becomes permanent. To convert properly: end the contractor agreement, complete all employee onboarding paperwork (I-9, W-4, state forms), enroll the person in payroll and benefits, update their profile in your HR system from contractor to employee, and adjust the working relationship (you can now control hours, methods, and equipment). Do not retroactively reclassify past contractor payments as wages; the conversion applies going forward. Consider using an onboarding platform to manage the transition paperwork.

Is hiring a contractor cheaper than hiring an employee?

Contractors have a higher hourly rate but lower total cost in many scenarios. You do not pay employer FICA (7.65%), unemployment tax, workers compensation insurance, health insurance, PTO, or other benefits. For project-based work, contractors eliminate the cost of maintaining a full-time position between projects. The break-even point is typically around 30-40% above the equivalent employee hourly rate. If a contractor charges less than 130% of what you would pay an employee for the same work, the contractor is almost certainly cheaper after factoring in taxes and benefits.

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