How do I know if I can afford an employee?

You’ve probably heard this before, but if you’re feeling like you need to hire someone to help out, you probably should have done it three months ago. Hopefully you are finding this article before you get to that point, because there are some steps you will want to take beforehand to make sure you can afford that employee. When you start a business, you should have a vision of where you’d like to end up. And if your vision includes other people working in the business so you can work on the business, then you want to prepare for that.

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Deciphering employee vs. independent contractor

What an exciting time in your business, if you have gotten to the point where you need to add to your team!

Sometimes you can hire contractors (to outsource some work) but sometimes it makes better sense to hire an employee. We’ll go over the differences between ‘independent contractor’ and ‘employee’ from the IRS’s standpoint, so you have all the info you need to make the right choice for your business.

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