Can a therapist work as an independent contractor?
Set up correctly, counselors are likely to qualify for independent contractor status. They often choose their own hours, work in multiple locations, and an argument can be made that the hiring party lacks control over “how” they perform their job, as it’s primarily done in a private therapy office.
Are there benefits to being an independent contractor?
Practices have done it both ways, and there are pros and cons to each. As a hiring party, there are some benefits to hiring clinicians as independent contractors. For starters, independent contractors don’t receive health insurance, which could save an employer thousands every year.
Do you have to pay taxes when you hire an independent contractor?
If a client pays $100, you’ll give $60 to the clinician and then pay another $4.59 (7.65%) on the clinician’s behalf to the IRS. Therefore, your net revenue just dropped from $40 to $35.41. In contrast, when a worker is an independent contractor (i.e., not an employee), the hiring party is not required to pay the 7.65% payroll tax.
Can a contractor be listed as a staff?
They’re their own entities, so having a business card with “Your Brand” on it would be contradictory. They probably shouldn’t be listed as “staff” on your website. Also, you shouldn’t supply materials—intake documents, handouts, pens, computers, tissues: contractors should be bringing most of this stuff with them.
Set up correctly, counselors are likely to qualify for independent contractor status. They often choose their own hours, work in multiple locations, and an argument can be made that the hiring party lacks control over “how” they perform their job, as it’s primarily done in a private therapy office.
Practices have done it both ways, and there are pros and cons to each. As a hiring party, there are some benefits to hiring clinicians as independent contractors. For starters, independent contractors don’t receive health insurance, which could save an employer thousands every year.
Do you pay Social Security tax as an independent contractor?
The IRS always gets their money in one way or another. In other words, independent contractors pay all of the social security tax. Whereas, employees pay half of it with the employer paying the other half. Let’s compare two separate compensation plans. The first is an independent contractor.
They’re their own entities, so having a business card with “Your Brand” on it would be contradictory. They probably shouldn’t be listed as “staff” on your website. Also, you shouldn’t supply materials—intake documents, handouts, pens, computers, tissues: contractors should be bringing most of this stuff with them.