When Should You Pay Your Independent Contractors?

August 20, 2020 // ADP®

More and more people are participating in the workforce as independent contractors, either full time or on the side. One survey found that nearly 30 percent of Americans are part of the independent contractor labor force! But while it may seem obvious to you that contractors should be paid on time, there are actually some business owners who advocate delaying payments to help the business’s cash flow. So which is the best option?

Learn why it’s important to always pay your contractors on time in our full article at https://bit.ly/3gfz62c!

This blog does not provide legal, financial, accounting, or tax advice. This blog provides practical information on the subject matter. The content on this blog is “as is” and carries no warranties. ADP does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog.

ADP®

ADP® is one of the world’s largest HR organizations. We are leaders in HR outsourcing, systems and solutions – in everything from basic payroll, benefits and record keeping to complex tools for recruiting, compensation, succession planning and data analytics. We focus on what we do best – be it systems, process or compliance – so you can concentrate on what your business does the best – because thriving businesses succeed with motivated and empowered people. We know your purpose isn’t simply better process – it’s building a business on a better workforce.