Gig Payroll
Automated Payroll with Timeless Service
Benefits
Our Gig Payroll simplifies and streamlines the process of paying an unlimited number of contractors. You can easily set up your contractors in our system and run payments whenever needed, just like regular payroll.
The best part is that you can manage everything online with ease.
We handle all electronic payments, allowing contractors to choose where their money goes, and we also provide electronic 1099 forms at the end of the year.
How an Independent Contractor Differs from an Employee
- Work Autonomy: Independent contractors have greater control over when, where, and how they work, whereas employees typically follow set schedules and locations determined by their employers.
- Multiple Clients: Contractors can work for multiple clients simultaneously or throughout the year, while employees typically work exclusively for one company.
- Training and Expertise: Contractors are hired for their specialized skills and expertise and are not typically trained by the client, whereas employees often receive training from their employers.
- Resources: Contractors use their own tools and resources, whereas employees use the employer's tools and equipment.
- Legal Protections: Employees are protected by state and federal laws governing overtime, minimum wage, and employment discrimination, while contractors may not have the same level of legal protection in these areas.
- Work Integration: Employees perform tasks that are integral to the employer's business operations, while contractors often provide specialized services that may be outside the core business functions of the client.
- Control: Employers exert a higher degree of control over employees, whereas contractors have more independence in how they perform their work.
- Compensation: Employees typically receive a salary or hourly wage, while contractors are often paid on a project or flat-fee basis.
- Benefits and Taxes: Employees often receive benefits such as health insurance and paid time off, and their taxes are withheld by the employer. In contrast, contractors do not receive employment benefits and are responsible for paying their own taxes.
- Union Membership: Employees may have the option to join a union, whereas contractors generally do not have this option.
