Independent truck drivers are self-employed contractors who specialize in shipping and delivery services. They own their trucks and can work locally, regionally or nationally. They must maintain their vehicles and keep careful records of transactions with suppliers and distributors. They can advertise their services through various means and must obtain a commercial driver’s license and […]
Independent auditors, who have no affiliation with the company being audited, are preferred to ensure audit integrity. They must have an accounting certification and provide an unbiased opinion. Conflicts of interest are avoided, and professional organizations can provide referrals. An independent auditor is a person with an accounting credential who has no affiliation with the […]
Independent investments are capital invested in companies without any relation to other investments. Individuals and companies invest in shares or bonds for various reasons, such as generating passive income, retirement income, or creating strategic relationships. Diversification helps limit investment risk, and international investing is a way to benefit from emerging markets. An independent investment represents […]
Independent contractors are responsible for paying their own taxes, including income tax and self-employment tax, which combines Social Security and Medicare taxes. Taxes are calculated based on net profit or loss and are due quarterly. Independent contractors are eligible for similar deductions as regular employees, plus some unique ones. A person who is an employee […]
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