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when youre self-employed its a challenge to juggle your own paperwork unlike traditional employees you dont usually receive a pay stub listing your earnings and tax deductions so does this mean theres no option for you were answering that question in this video so stick around as we go over your options for obtaining an independent contractor pay stub employee or contractor before we talk about pay stubs lets first define the difference between an employee and an independent contractor if youre an employee you most likely work a set schedule of assigned hours have taxes deducted from your paycheck and receive training from your company you also likely have work assigned to you by a manager are given the tools and equipment you need for your job work for only one employer and receive benefits such as holiday pay sick leave and health insurance on the other hand independent contractors typically make their own schedules are responsible for their own taxes and supply their own tool