About Contracting

Pros of Independent Contracting

As an independent IT contractor, you are your boss. That's the main reason why people decide to set up shop in their home office as a freelancer. If you're a contractor who works out of a client's location, you might work shoulder-to-shoulder with the employees, managers, and bosses of the company you work with. But these folks are not your supervisors, they are your clients. As such, they may not direct your work as they might direct that of an employee.

Your clients can, however, require certain results in return for the fees they pay you. While you and your client will negotiate on the final product (and the pay for that final product) you alone decide when, where, and how the work is done.

As an independent contractor, you'll usually make more money than if you were an employee. Companies are willing to pay more for independent contractors because they don't have to enter into expensive, long-term commitments or pay health benefits, unemployment compensation, Social Security taxes, and Medicare taxes. Independent contractors also may deduct more business expenses than employees typically can claim. Unlike employees, independent contractors are required to withhold their local taxes.

Control of Workload

Another benefit of contracting is the ability to choose your workload. You can work as much or as little as you want, and you can choose projects that are meaningful to you. You get to focus on the work you love without the distractions of a full-time job like meetings, office politics, office distractions, etc.

Flexibility

With such freedom over clients and workload, contractors have the flexibility that most people dream of. If you want to work full-time most of the year and only part-time during the summer, you have the flexibility and control to make that decision.