YOUR OWN BUSINESS IN A BUSINESS
Become a tempreneur.
Working as a contractor has many benefits to the contractor, among these are;
Flexibility: The ability to decide when you will work and for how long you will work.
Get paid for every hour of work: You are selling your services, not putting in effort now for a future promotion.
Job satisfaction: New technologies, new work environments, new skills. Not the same old situation for years and years on end.
Travel: Work in facilities in different locations, see different parts of the country and the world.
Benefits: Access to all the benefits normally associated with full time employment. Benefits like a 401 (k), medical and dental.
HOW IT WORKS?
Searchrsa is engaged by it's clients to secure the services of qualified individuals to work a contract staffing opportunity. Much like a direct hire opportunity, we will present your details to the client who will then interview you and decide whether they want you to work their contract staffing opportunity.
Searchrsa will then make use of a Professional Employer Organization (PEO) to act as your W-2 employer of record. The PEO will handle your weekly payroll, timesheets, employer benefits and employment paperwork.
WHAT IS THE DIFFERENCE BETWEEN BEING PAID ON A 1099 VERSUS A W-2?
When a worker is paid on the Form W-2, the employer automatically withholds the necessary employee taxes as required by the IRS, including Federal Income Tax, State Income Tax, and FICA (Social Security and Medicare). In addition, the employer pays the necessary employer taxes such as FICA (Social Security and Medicare), FUTA (Federal Unemployment Tax), and SUI (State Unemployment Tax).
When a worker is paid on Form 1099-misc, the money earned by the worker is not taxed, so the individual must then file and pay the appropriate taxes. The company does not pay the employer share of taxes. And the worker does not have access to the company’s (employer’s) unemployment, Workers’ Compensation, or benefits [medical, dental, vision, 401(k), etc.].
The IRS and state agencies have seen their tax collections suffer due to workers misclassified as 1099 independent contractors instead of W-2 employees. They are cracking down with more audits, imposing heavy fines and penalties. Therefore, it is imperative that workers are properly classified per the IRS guidelines and that proper taxes are paid to the correct government entities.
HOW ARE THE TIME-SHEETS HANDLED?
Contractors can access their timesheets through our Online Paperwork System. The timesheets must be signed by both the employee and the client company in order for TEC to process the payroll. The payroll deadline is each Monday by 1:00 p.m. EST. It is important for employees to fax their approved timesheet to our office by this deadline each week.
WHEN ARE THE EMPLOYEES PAID?
Contractors are paid on a weekly basis, provided they meet our Monday payroll deadline. Paychecks are mailed to the employees each Thursday afternoon. However, direct deposit is recommended. Monies are deposited into the employees’ bank accounts each Friday.
ARE BENEFITS AVAILABLE TO CONTRACTORS?
The following benefits are available to contractors who work an average of 30 hours per week: medical, dental, vision, and life insurance. Contractors can receive these benefits on the 1st of the month after they have worked for 60 days. Contractors can also contribute to a 401(k) after 6 months of service regardless of the number of hours worked.
We offer four different healthcare insurance plans through Aetna. All four plans are compliant with the requirements of the Affordable Care Act (ACA), the healthcare reform law often referred to as Obamacare. For more information, go to ourContractor Benefits page.