Small Business Enterprise Owner - To Hire or To not Employ?

Small Business Enterprise Owner – To Hire or To not Employ?

At some time, as a small business enterprise owner, you start contemplating hiring other people today to help you together with your enterprise; nevertheless, you will be unsure of which method to turn, or what possibilities are readily available to you. Believe it or not, you will find several alternatives accessible to you as a compact business owner; under are some for you to think about when deciding which can be best for you and your organization.

Employee: The dictionary defines an employee as 1 EMPLOYED by a different usually for wages or salary and in a position below the executive level.

Exempt employees are provided a weekly salary, do not get overtime for any hours worked more than 40, and must meet salary and duties tests. Non-exempt staff are offered hourly spending and are eligible for overtime spend for any hours worked over 40 Employees are placed on your payroll, which in turn, you’re responsible for the employer taxes, disability insurance, workers’ compensation, and unemployment. In most situations, tiny company owners employ an outdoor agency to assist with finishing payroll and filing payroll taxes.

Independent Contractor: the dictionary defines an independent contractor as one that contracts to perform operate …

Read More