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6 Ways to Grow Your Independent Consulting Practice

Growing your business can take many different forms. If you have a few projects under your belt and a reliable pipeline of clients, you might have your eye on future growth. Maybe you want to maximize your profit next year, or add employees and start to build a larger entity. Regardless of your specific goals…

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5 Billing Tips for Contractor Invoicing

Tracking and billing your time is one of the most important tasks you’ll take on as an independent contractor. Whatever billing method you choose, you’ll want to present a reputable, professional invoice to your clients. Follow these five tips to present a clean, professional invoice to your clients. 1. Set a Billing Policy Creating billing…

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How to Build Trust with a New Client

Building trust with clients is an important part of your job as an independent professional. When you start working with a new client, it’s important to take steps to build a lasting relationship. When a client trusts your judgment and believes in your work, doors can open on future projects or result in referrals to…

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Business Insurance Requirements for Independent Consultants

Being an independent professional means you are responsible for ensuring the legal and financial well-being of your business. Remember that you are your company—if any legal or financial problems arise that affect your company, they will also affect you directly. It’s important to protect your business against the risk of liability losses not just because…

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How to Set Boundaries at Work When You’re Self Employed

Setting healthy boundaries at work can be challenging as an independent professional. Here are three tips for setting your limits.

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Networking Tips to Boost Small Business Growth

Networking is an important skill for all independent contractors. As a business owner, who you know can be as important as what you know. To make sure you have a steady flow of projects, it’s important to build and maintain a strong circle of business contacts you can rely on for work and referrals. Below,…

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Interested in Being a Digital Nomad? What You Need to Know

Digital nomads have a passion for travel, a desire for adventure, and an interest in new cultures. Becoming a digital nomad has increased a dramatic 131% from 2019 to 2023. Our research found that more than 17 million American workers currently describe themselves as digital nomads. This kind lifestyle can be exciting and fulfilling–and challenging….

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How Do 1099 Contractors Get Paid?

There are a few different ways to get paid as a 1099 independent contractor, typically either by the project or by the hour as determined by your bill rate and the written contract with your client. 1. Hourly Payment Many independent contractors prefer an hourly bill rate. You never know where a project may end…

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How to Avoid a Tax Audit: 4 Tips for Small Business Owners

Tax audits are a risk for independent professionals. As an independent, you have additional tax responsibilities above and beyond those of traditional employees. With extra forms and numerous potential deductions, it can be easy to overlook small details or miscalculate. While there’s no way to completely protect yourself from the dreaded tax audit, you can…

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3 Ways to Build Small Business Credit

Build business credit for your small business by following these three essential steps.

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4 Expense Tracking Tips for Consultants

If you’ve been an independent contractor for more than a year, you know how fun it can be to gather up your expenses come tax time. This is definitely one of those times where an ounce of prevention is worth a pound of remedy. That’s why we’ve come up with four tips to help you…

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How to Write a Consulting Contract: 6 Best Practices

Contract writing is an important part of your business as an independent professional. A contract defines the work you agree to do for a client and also provides you with legal protection.  Contract negotiation can be an intimidating part of starting a new project but setting up this legal framework will help protect you in…

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Tax Planning Tips for Independent Contractors

Tax planning and preparation are important parts of your job as an independent contractor. Paying quarterly estimate taxes throughout the year is a good practice that helps eliminate a big tax burden and a possible fine at the end of the year. Quarterly payments are due on April 15, June 15, September 15, and January…

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How to Plan for Retirement as an Independent Contractor

Are there retirement plans for independent contractors in today’s world? Traditional employees (usually) have a 401(k) or equivalent to help prepare for retirement. But when you run your own business, putting such a plan in place falls into your realm of responsibilities.  Thankfully, there are a ton of retirement plans for independent contractors. The right…

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Educate through Communication in Your Direct Sourcing Program

Direct sourcing is a strategy enterprises use to internally source independent talent rather than relying on a third party to find talent on their behalf. Many companies today are building programs around direct sourcing to compliantly find, engage, and manage independent talent. The more smoothly and fully your direct sourcing program is embedded in the…

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4 Strategies to Reduce Misclassification Risk

Reducing misclassification risk is an important consideration as more enterprises today incorporate independent talent into their overall workforce strategy. Independents have a lot to offer, and with the right engagement program, they can help an organization thrive. Here are four important strategies to keep in mind if you are considering making independent talent part of…

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Recruiting Contractors vs Employees: What’s the Difference?

Independent contractors and employees are two very different pools of talent and there are big differences when it comes to recruiting each type of talent. In order to successfully attract, retain, and re-engage independent workers, it’s important to focus on building a recruiting strategy that is specifically designed to meet the needs of these workers….

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5 Ways to Lower Worker Misclassification Audit Risk

Independent contractor misclassification can be an expensive mistake—here’s what you need to know to avoid it.

Effective Communication in Your Direct Sourcing Program

Like the employee portion of the workforce, your independent talent network is not a homogeneous group. The communication strategies for your direct sourcing program must be crafted to resonate with the right audiences, whether directed internally or externally. Insight into the communication preferences and messaging styles of the different components of your talent network can…

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How to Be Compliant When Working with Digital Nomads

Remote working has become commonplace for many organizations today. While typical remote workers tend to stay in one geographic area, another group of professionals seek even greater flexibility. Digital nomads are workers who embrace a location-independent, technology-enabled lifestyle that allows them to travel and work remotely. Our latest research found that 17.9 million American workers…

5 Benefits of Proactive Workforce Management

Effective workforce management is essential for companies to stay competitive and achieve their long-term objectives. For businesses that engage independent contractors, adopting a proactive workforce management approach can yield significant advantages. But what exactly does proactive workforce management mean, and how can it benefit your enterprise? What is Proactive Workforce Management? Proactive workforce management involves…

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Why Use a Direct Sourcing Strategy for Talent Acquisition

Many companies today are turning to direct sourcing as a strategy for independent talent acquisition. Direct sourcing helps managers find and compliantly engage talent. Organizations are increasingly relying on the growing pool of people working as independent contractors, freelancers, and self-employed professionals. Independent talent provide access to specialized skills managers struggle to find. Furthermore, businesses…

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How to Increase Direct Sourcing Program Adoption

Direct sourcing often has a positive impact on enterprises. It allows managers to source talent internally rather than having to rely on a third-party gatekeeper like a staffing company to fill talent needs. When you set up a direct sourcing program, it is important to have buy-in from all relevant parts of your organization to…

For Future-of-Work Success, Ditch the Role Description

You’ve completed your skills assessment and identified where independent talent can strategically impact the enterprise. You have a handle on the skills and characteristics of the independents who would be a good fit. Now, you need to find that talent—and it needs to be top-tier talent. It should be no surprise that competition for top-tier…

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4 Ways to Build Long Term Relationships with Contingent Workers

Building long-term relationships with contingent workers is a key component of an effective workforce optimization strategy. Remote working arrangements are now common in many businesses. Companies that already rely on independent talent as an integral part of their workforce can gain the many rewards from this flexible, remote, and skills-driven talent pool. Those who aren’t…

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Calculate Your Worker Misclassification Risk

Independent Contractor Risk Assessment is Important Independent contractor misclassification is an important concept to grasp when engaging contingent workers. While most businesses understand that the threat of reclassification is real and growing, quantifying such risk is still difficult for many enterprises. This isn’t surprising. IC reclassification penalties are highly variable and may rise and fall…

Independent Contractor Misclassification and Compliance News June 2024

In June, the law firm of Cohen Milstein announced that 15,750 Amazon Flex drivers in California, Illinois, and Massachusetts had filed claims for arbitration alleging that they had been misclassified as independent contractors. The practice of filing a large number of arbitration claims has developed in recent years in response to arbitration agreements that companies use to prevent class action lawsuits.

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5 Benefits of Project-Based Hiring

The modern business model is changing at the same time that the job market is heating up. Even though unemployment is down to historic lows, many enterprises still find it difficult to fill open positions that require in-demand skills. As a result, many companies are turning toward project-based staffing to remain agile and competitive.  What…