the state or quality of being sensitive; sensitiveness. Physiology. the ability of an organism or part of an organism to react to stimuli; irritability. degree of susceptibility to stimulation.
In the current market, weâve seen rates as low as Â£50 +VAT, and as high as Â£180 +VAT for dedicated contractor accountants. Interestingly, the average cost of contractor accounting has not risen in line with inflation over the past decade.
The most common form used to report income for an independent contractor is the 1099-MISC form. The Internal Revenue Service (IRS) states that being paid for services provided as a nonemployee must be reported for amounts of $600 or more in the tax year.