the client site. This is often dependent on factors such as the company or the nature of the work, the agency’s and the client’s supervisory capabilities.

Below you'll find information and answers to questions commonly asked about contr

With the current high demand for accounting and finance professionals, you may find that it can be incredibly lucrative to become a contractor. A contractor, also often called a Consultant for higher-level positions, is an individual who is either employed by a third-party agency, or who contracts directly with an organization to provide services.

Some companies rely heavily on contractors. Others have a culture or management team that discourages them. The services to be performed can either be functionally oriented (e.g. an Interim Controller) or project oriented. The scope, length, short and long-term goals of the project should all be outlined in depth prior to initiating a contract. Usually there is an hourly bill rate associated with the contractor’s work, but many other arrangements such as fixed periodic fees or fixed project fees exist. The work of the contractor is either supervised by the third-party agency that employs them, or someone at the client site. This is often dependent on factors such as the company or the nature of the work, the agency’s and the client’s supervisory capabilities.

Below you'll find information and answers to questions commonly asked about contra

ither employed by a third-party agency, or who contracts directly with an organization to provide services.

Some companies rely heavily on contractors. Others have a culture or management team that discourages them. The services to be performed can either be functionally oriented (e.g. an Interim Controller) or project oriented. The scope, length, short and long-term goals of the project should all be outlined in depth prior to initiating a contract. Usually there is an hourly bill rate associated with the contractor’s work, but many other arrangements such as fixed periodic fees or fixed project fees exist. The work of the contractor is either supervised by the third-party agency that employs them, or someone at the client site. This is often dependent on factors such as the company or the nature of the work, the agency’s and the client’s supervisory capabilities.

Below you'll find information and answers to questions commonly asked about contr

rformed can either be functionally oriented (e.g. an Interim Controller) or project oriented. The scope, length, short and long-term goals of the project should all be outlined in depth prior to initiating a contract. Usually there is an hourly bill rate associated with the contractor’s work, but many other arrangements such as fixed periodic fees or fixed project fees exist. The work of the contractor is either supervised by the third-party agency that employs them, or someone at the client site. This is often dependent on factors such as the company or the nature of the work, the agency’s and the client’s supervisory capabilities.

Below you'll find information and answers to questions commonly asked about contr

y bill rate associated with the contractor’s work, but many other arrangements such as fixed periodic fees or fixed project fees exist. The work of the contractor is either supervised by the third-party agency that employs them, or someone at the client site. This is often dependent on factors such as the company or the nature of the work, the agency’s and the client’s supervisory capabilities.

Below you'll find information and answers to questions commonly asked about contr

the client site. This is often dependent on factors such as the company or the nature of the work, the agency’s and the client’s supervisory capabilities.

Below you'll find information and answers to questions commonly asked about contracting work.

How do contractors get paid?

If employed by a third-party agency, the individual will usually be a W-2 employee and receive semi-monthly or weekly paychecks based upon actual hours worked. The agency covers the employer payroll taxes and worker’s compensation insurance. Some agencies will pay contractors on a 1099 basis, but only if they are confident they are not accepting additional risk for unpaid taxes or injury to the contractor. In this instance, a minimum requirement would be for the contractor to have their own workers’ compensation insurance policy. It is important to check with your state's business licensing bureau's requirements to find out what's best for you.

Hourly pay rates to contractors vary widely by position and project. Like most things in life, the greater the demand, experience, and specialization….the greater the pay. In general, contracting results in greater hourly pay than dividing an annual salary by