They also pay half of the employee’s Social ... are typically due on April 15 of each year. The independent contractor files a Form 1040, just like an employee. However, there is a significant ...

New U.S. DOL Guidance on Independent Contractor vs. Employee Analysis -On May 1, 2025, the U.S. Department of Labor (“U.S.

This independent contractor pointed out that there are multiple reasons why they pay quarterly taxes as opposed to annual. “First and foremost, it is easier to save weekly and pay quarterly than ...