Contract of Employment

Contract for Services
A contract undertaken by a self-employed individual, distinguishing it from a contract of employment. Understanding the distinction is crucial for tax purposes.
Contract of Employment
A Contract of Employment defines the relationship between an employer and an employee, outlining duties, control measures, and compensation.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.