Direct Deposit

Payroll and expense reimbursements can be paid weekly. Requests made by noon Tuesday are paid on the following Friday, as long as adequate funds are in your iamindependentSM (IAI) earnings account by 12:00 noon Wednesday for a direct deposit.

Business Reimbursement

IAI reimburses you for IRS allowed and iamindependentSM approved business expenses on a pre-tax basis. This includes Business Expenses, Business Travel & Per Diem, Home Office Expenses, Education/Tuition Fees and Medical expenses. Please see the Expense Reimbursement Guidelines (doc) for additional information.

Retirement plan – 401(k)

The 401 (k) plan that will allow you to set aside up to 10% of your W-2 wages towards retirement, with the maximum as set by current laws.

Deferred Compensation

The deferred compensation plan allows you to defer 15% of your W-2 wages and up to 100% of any bonuses. Your deferred amounts earn interest at the rate of 4% for every 12 months the amounts stay deferred.

Child care program

The child care program allows you to receive expense reimbursements for up to $3,000 of child care costs per child, per year; or the maximum as set by current law. Both parents must be working and expenses must be accompanied by valid proof of payments.


With IAI, consultants, entrepreneurs, freelancers and other independents have access to group benefits as good as, and sometimes better than, those at traditional corporations. And, since IAI is your employer of record, regardless of where or with whom you are supplying your services, you can take your benefits with you from assignment to assignment and while contracting for many clients at the same time.


You may be new to contracting or consulting, or a pro who already recognizes and reaps the benefits of controlling your career and earnings. As an independent professional the rewards can be GREAT, as long as you have the right business management service to administer your back office and offer you an umbrella of services.

Mr. Fink is a co-founder of iamindependent and provides leadership to the company in the areas of Law and Accounting. He is a member of the New Jersey Bar and New Jersey Society of CPA’s. He performed his Law Review on Domestic and International Sales Corporations. He earned a CPA from the State of New York; Juris Doctorate from Loyola University, and completed his LLM at New York University. Fink operates his own firm which was founded in 1978. At iamindependent (IAI) we have years of legal and accounting experience to help independents succeed. IAI gives you customized support so you can make the most of your talents and career. IAI becomes your employer of record and gives you access to executive level benefits and services: With IAI you stay independent, working for yourself and taking home more money than a traditional employee.


IAI operates in every state and assumes the costs of registering to do business in each state you provide your services in. IAI stays with you as a portable employer of record as you go from gig to gig and state to state. In addition to workers compensation insurance, we carry a number of additional insurances including professional liability (errors and omissions) and general liability. IAI pays for these insurances that contractors would otherwise have to assume on their own.


An IAI member receives the same required benefits as a full-time employee (W-2) including workers compensation and unemployment insurances, social security, and all other programs at the federal and state level. This offers additional protection to the contractor.


Direct Deposit Services allows IAI to transfer funds directly into the contractor’s bank account without the delay of sending paychecks through regular mail. IAI offers a portable and affordable back office for independent consultants like you. Enjoy financial stability and security. Contact IAI today to learn how.


As an IAI member you can pay for medical expenses, premiums and child care services using pre-tax dollars by subscribing to IAI’s flexible umbrella of benefits. There are no additional costs to the individual for administering these benefits.


As a 1099 contractor, there are a number of reporting requirements to the IRS and State Workforce Commissions that must be completed on a quarterly basis. As an iamindependent ‘employee’ (IAI contractor member), there is no reporting required. W-2 forms are automatically issued at the end of the year for income tax purposes.