Growing businesses will ALWAYS run into this question: Do I hire a contractor or an employee? Let's run through some of the pros & cons of each option! Hiring In-House: ✅ Long-term commitment ✅ Control your employee's schedule ✅ Control your employee's training ❌ Higher payroll costs ❌ Potentially higher benefits costs ❌ Additional compliance with federal & state employment laws Outsourcing: ✅ Flexible to end your engagement at the end of a contract ✅ No payroll tax/employee benefits costs ✅ Can bring in for special projects that require unique skills ❌ No control over schedule or training ❌ Can lose a contractor at the end of a contract to a different opportunity Whichever option you choose, please make sure you're classifying your new team members correctly to avoid running into major problems with the Department of Labor! #accountingandtaxconsulting #taxconsultingservices #tax #accounting #accountingservices #houston #texas #austin #conroe #tomball #business #accountingandtaxsolutions #taxstrategiesforbusiness #businessaccountingservices #accountingtips #taxtips #bookkeeping
CK BUSINESS CONSULTING AND TAX’s Post
More Relevant Posts
-
Growing businesses will ALWAYS run into this question: Do I hire a contractor or an employee? Let's run through some of the pros & cons of each option! Hiring In-House: ✅ Long-term commitment ✅ Control your employee's schedule ✅ Control your employee's training ❌ Higher payroll costs ❌ Potentially higher benefits costs ❌ Additional compliance with federal & state employment laws Outsourcing: ✅ Flexible to end your engagement at the end of a contract ✅ No payroll tax/employee benefits costs ✅ Can bring in for special projects that require unique skills ❌ No control over schedule or training ❌ Can lose a contractor at the end of a contract to a different opportunity Whichever option you choose, please make sure you're classifying your new team members correctly to avoid running into major problems with the Department of Labor! #taxes #taxprep #quickbooks #smallbiz #smallbusiness #accountant #bookkeeper #savvybusinessowner #accounting #gmsvcc
To view or add a comment, sign in
-
Growing businesses will ALWAYS run into this question: Do I hire a contractor or an employee? Let's run through some of the pros & cons of each option! Hiring In-House: ✅ Long-term commitment ✅ Control your employee's schedule ✅ Control your employee's training ❌ Higher payroll costs ❌ Potentially higher benefits costs ❌ Additional compliance with federal & state employment laws Outsourcing: ✅ Flexible to end your engagement at the end of a contract ✅ No payroll tax/employee benefits costs ✅ Can bring in for special projects that require unique skills ❌ No control over schedule or training ❌ Can lose a contractor at the end of a contract to a different opportunity Whichever option you choose, please make sure you're classifying your new team members correctly to avoid running into major problems with the Department of Labor! Have questions? Give us a call ☎️ www.EveryPennyBooks.com #everypennybooks #bookkeeping #finance #smallbusinessowner
To view or add a comment, sign in
-
Founder | Chief Strategist - EveryPennyBookkeeping -Advising, Bookkeeping, Payroll & Training; Helping entrepreneurs succeed
Growing businesses will ALWAYS run into this question: Do I hire a contractor or an employee? Let's run through some of the pros & cons of each option! Hiring In-House: ✅ Long-term commitment ✅ Control your employee's schedule ✅ Control your employee's training ❌ Higher payroll costs ❌ Potentially higher benefits costs ❌ Additional compliance with federal & state employment laws Outsourcing: ✅ Flexible to end your engagement at the end of a contract ✅ No payroll tax/employee benefits costs ✅ Can bring in for special projects that require unique skills ❌ No control over schedule or training ❌ Can lose a contractor at the end of a contract to a different opportunity Whichever option you choose, please make sure you're classifying your new team members correctly to avoid running into major problems with the Department of Labor! Have questions? Give us a call ☎️ www.EveryPennyBooks.com #everypennybooks #bookkeeping #finance #smallbusinessowner
To view or add a comment, sign in
-
As businesses grow, so do their needs. For example, if you’re hiring accountants to do something that’s more payroll related, and while we can do it, at some point it’s not efficient anymore, this means it’s time to branch out and bring new expertise into the fold. We're here to adapt and provide tailored solutions, ensuring efficiency and success at every stage. #AdviceFromJennifer
To view or add a comment, sign in
-
Payroll is often considered one of the most daunting tasks for business owners. It is essential to get every pay, tax bill, invoice, and data input right, and with tax and compliance laws changing so often, you’ll be better off just leaving it to us professionals! 😊 💰 Imagine how much time you could save by outsourcing your payroll duties to our PBT team. With over 30 years of experience between us, numerous payroll qualifications, and a sophisticated knowledge of the latest payroll technologies and software, we’re well-equipped to overcome all the challenges of payroll with accuracy, professionalism, and a smile! Whether you find yourself struggling with accurate data entry, comprehending the data, staying up to date with the latest software and practices, or just finding the time to focus on your business, don’t hesitate to get in touch! 🤝 #pbtaccountancy #growyourmoneytree #payroll #outsource #accounting #accountingcheltenham #finance #money #moneyhelp #womeninfinance
To view or add a comment, sign in
-
Challenges of Managing Payroll in a Law Firm Law firms encounter unique complexities when it comes to managing payroll. With diverse pay structures for salaried attorneys, hourly staff, and contractors, tracking billable hours, expense reimbursements, and bonuses adds layers of complexity. Legal compliance, tax withholding, and employee classification further compound the challenge. To address these issues, law firms can leverage specialized legal accounting software like PageLightPrime. This tool streamlines processes by integrating time tracking, automating compliance tasks, and enhancing employee satisfaction through self-service features. Outsourcing payroll is another effective solution, saving time and improving accuracy so that law firms can focus on client service. #LawFirmManagement #LegalPayroll #LawFirmOperations #HRTech #LegalTech #TimeTracking #BillableHours #LawFirmFinance
To view or add a comment, sign in
-
💡Streamline Your Payroll with Expert Outsourcing 🚀 Managing payroll shouldn’t slow your business down. Whether you’re a small business or a growing enterprise, outsourcing your payroll can save time, cut costs, and ensure compliance. Here’s what you gain: • 📅 Precision & Reliability: Timely, accurate payroll—every single time. • ✅ Compliance Assurance: Stay ahead of evolving tax laws and regulations. • 💰 Cost Efficiency: Lower overhead and reduce administrative load. • 📈 Growth Focus: Reclaim your time to focus on expanding your business. Ready to simplify your payroll? Let’s connect and explore how our tailored services can meet your needs. hashtag #PayrollExcellence hashtag #Outsourcing hashtag #BusinessGrowth hashtag #HRSupport
To view or add a comment, sign in
-
🌟 Unlocking Payroll Efficiency: How Outsourcing Can Transform Your Business 🌟 At Ozark & Co., we understand that managing payroll can be daunting for any business, especially when juggling numerous responsibilities. That's why we're here to show how outsourcing your payroll can be a game-changer! 💼💰 ✅ Streamlined Processes: By outsourcing your payroll to experts like us, you can say goodbye to time-consuming manual calculations and paperwork. Our streamlined processes ensure that your employees are paid accurately and on time, every time. ✅ Compliance Confidence: Navigating the complex landscape of payroll regulations and tax laws can be a headache. With our dedicated team keeping a close eye on legislative changes, you can rest assured that your payroll remains compliant, reducing the risk of costly fines and penalties. ✅ Focus on Growth: Free up valuable time and resources by letting us handle your payroll tasks. With the administrative burden lifted from your shoulders, you can redirect your focus toward driving business growth and innovation. Are you ready to experience the benefits of hassle-free payroll management? Contact us today and let's elevate your payroll game together! 🚀💼 . . . #OzarkAndCo #PayrollPerfection #BusinessGrowth #OutsourcingAdvantages #payroll #accounting #bookkeeping #business #taxes #smallbusiness #accountant #tax #finance #entrepreneur #hr #taxseason #businessowner #payrollservices #humanresources #money #cpa #accountingservices #incometax #bookkeeper #accountants #quickbooks #taxreturn #taxpreparer #irs #bookkeepingservices #taxprofessional #taxrefund #humanresource #audit
To view or add a comment, sign in
-
Let's Talk Payroll – It's a Big Deal for Small Biz! Curious how you're handling the maze of payroll and tax admin? 🧐 Navigating the payroll world is a handful – from tax codes to compliance checks. But what if there's a way to free up more of your time to focus on growing your business? Have you considered teaming up with a partner to streamline your payroll and tax processes? Let's discuss how this move could benefit your business and why so many others are jumping on board. Comment below or give us a call: 317-801-2669 . . . . . #PayrollSolutions #BusinessGrowth #FinancialManagement #jasonbarnesbfs #jasonbarnesbusinessfinancialsolutions #humanresourcesmanagement #humanresources #businesstransformation #adminsupport #businessconsulting #humanresource #businessconsultant #startupcompany #humanresourcemanagement #humanresourceslife #humanresourceprofessional #humanresourcedepartment #payrollservices #employeebenefits #hrconsulting #bookkeeping #payrollmanagement #hrconsultant #payrollservice #payrollprocessing #payrollspecialist #businessmanagement #administrative
To view or add a comment, sign in
-
💡Streamline Your Payroll with Expert Outsourcing 🚀 Managing payroll shouldn’t slow your business down. Whether you’re a small business or a growing enterprise, outsourcing your payroll can save time, cut costs, and ensure compliance. Here’s what you gain: • 📅 Precision & Reliability: Timely, accurate payroll—every single time. • ✅ Compliance Assurance: Stay ahead of evolving tax laws and regulations. • 💰 Cost Efficiency: Lower overhead and reduce administrative load. • 📈 Growth Focus: Reclaim your time to focus on expanding your business. Ready to simplify your payroll? Let’s connect and explore how our tailored services can meet your needs. #PayrollExcellence #Outsourcing #BusinessGrowth #HRSupport
To view or add a comment, sign in
206 followers