An independent contractor is a self-employed person who provides certain services to a company. It’s important to note that by being an independent contractor:
1) You have the freedom of judgment to get the job done
2) The business doesn’t control you
3) You are responsible for the results for the duration of your commitment
As an independent contractor, there are no deductions (or tax withholdings) in payroll and you are responsible for reporting your earnings to the IRS.