What are the major differences between being hired as an independent contractor as opposed to that of an employee?
The practitioner actually is considered self-employed, as opposed to an employee of the clinic. He or she would be subject to quarterly tax estimates as a self-employed person. Furthermore, the practitioner would be subject to paying the full 15% amount of his or her social security withholdings. However, this financial difference is considered during initial contract negotiation. A full array of benefits is also negotiated during this initial contract time. Simply stated, other than paying one’s taxes quarterly, the provider will see little if any difference in this type of contracted status.
