In a nutshell, money. Independent contractor benefits 1. More cash flow. Potential for higher earnings. More tax write-offs.
Most independent contractors are, in essence, small business owners.
They can write-off many expenses related to work, such as mileage, office supplies and equipment. Independent contractor drawbacks 1. Independent contractors are usually the first to go in time of economic uncertainty and they can often be terminated without cause. Contractors cannot be offered health insurance, workman's compensation or other benefits common to employees. Contractors must foot the bill for these items.