Your organization is taking the market by storm and the workload has gotten larger than that which you can handle on your own. You’ve gotten positive feedback on the implementation of your business plan and even gotten a small business grant for women owned businesses from your local Community Foundation. Now it’s time to add staff. But do you hire an employee or look for an independent contractor?
Independent contractors and employees are not the same, and it’s really imperative that you comprehend the major differences. Comprehending these specific differences can help you know what your first hiring move should be and influence how you withhold an assortment of taxes and steer clear of expensive legal penalties.
What’s the difference?
An Independent Contractor:
- Functions under a company name
- Has his/her own staff
- Keeps a different company checking account
- Markets their organization’s products and services
- Bills for work completed
- Has got more than a single buyer
- Provides own equipment as well as sets own work schedule
- Keeps organization information
- Does chores determined or controlled by other people
- Is provided training for work to be done
- Works for only one employer
A lot of small enterprises rely on independent contractors with regard to their staffing needs. There are lots of advantages to making use of contractors instead of using the services of employees:
- Savings in personnel expenses
- Lowered legal liability
- Flexibleness in acquiring and firing
Why Should It Make a difference?
Mistakes in classification of a worker as an independent contractor could have a number of costly legal implications.
Should your independent contractor is found to meet the legal meaning of a staff member, you may be forced to:
- Compensate them for earnings you should have compensated them within the Fair Labor Standards Act, together with overtime and minimum wage
- Make payments towards back taxes and fees and penalties for the purpose of state and federal taxes, Social Security, Medicare and unemployment
- Cover any existing unpaid injured personnel workers’ compensation benefits
- Provide employee benefits, together with medical care insurance, a retirement plan, and so forth
Visit the IRS Independent Contractor or Employee self-help guide to read about the taxation implications of either circumstance, get a hold of and fill out a form to have the Internal revenue service officially verify any workers’ status, and locate relevant information.
There isn’t a particular assessment for identifying if someone is definitely an independent contractor or an employee using the Fair Labor Standards Act. Having said that, the subsequent guidelines ought to be taken into account:
The particular degree which the help rendered are a fundamental element of the particular principal’s small business
The permanence of the business relationship
The amount of the assumed contractor’s investment in facilities and devices
The makeup and level of control by the business owner
The alleged contractor’s possibilities to make money
The degree of initiative, judgment, or foresight in open market competition with others that is required for the success of the claimed independent contractor
The degree of independent enterprise organization and operation
Whether or not an individual is an independent contractor or an employee usually is determined by how much control used by way of company over the work being done. Study Equal Employment Opportunity Laws – Who’s Covered? for additional info on the way to determine whether one is an independent contractor or an employee, and also which are covered according to federal laws.
Getting the right people to support your small business can be critical to your success. Knowing as much as you can about employees before they come on board is vital. The following list includes the kinds of information that companies commonly consult as part of a pre-employment check, and the laws governing what constitute a legitimate investigation.
Credit Reports Under the Fair Credit Reporting Act (FCRA), businesses should get a worker's authorization prior to seeking an employee's credit report. If you choose not to promote or employ somebody based upon information in the credit report, you have to offer a copy of the report and let the candidate or employee understand his or her right to challenge the report under the FCRA. Go to the FTC s Bureau of Customer Security s website to learn more. Criminal Records To what level a personal company may consider an applicant's criminal history in making hiring choices varies from state to state. Due to the fact that of this variation, you ought to seek advice from a legal representative or do more legal research on the laws of your state before checking out whether or not a candidate has a criminal past. For Federal Bureau of Examination (FBI) checks, consult these resources:
- FBI Solutions for Businesses
- FBI Wrongdoer History Checks for Employment and Licensing
- FBI Checks on Staff members of Banks and Associated Entities
These laws cover everything from protecting against discrimination as well as harassment inside the workplace, office poster demands, wage and hour regulations and workers’ compensation rules.
The U.S. Department of Labor manages federal government employment and labor rules; however, individual states also have their own specific legal guidelines. In order to help you understand and abide by these laws, reference the following small enterprise guides and sources.
- Find out which Government Employment Laws Apply to Your Company – This online resource from the Department of Labor – the “FirstStep Work Laws Advisor” – will assist you to determine which regulations pertain to you and how you can abide by.
- State Work Laws and regulations – Each individual state has its particular laws that you must comply. This site contains links to your state labor office.
- Browse Laws and regulations by Classification – Acquire easy-to-understand information and facts concerning various federal government employment laws and regulations utilizing this “eLaws” on the web tool from the Department of Labor.
Find Information by Subject Gain access to the most frequently asked search engine terms and also subjects from the Department of Labor.
- Employment Law Guide – This extensive guide describes significant work regulations that impact companies and is designed for those needing “hands-on” information to develop salary, benefit, safety and health, and nondiscrimination procedures.
- 10 Steps to Selecting your Very first Staff member – These 10 basic techniques will guide you through what you must do once you hire your initial employee.
If your company is growing, however you are having a hard time keeping up, possibly it’s time to pay add staff.
The 8 steps below can assist you start the hiring process and guarantee you are compliant with crucial federal and state policies.
Step 1. Obtain an Employer Identification Number (EIN).
Before employing your first employee, you have to get a Employer Identification Number (EIN) from the U.S. Internal Revenue Service. The EIN is often described as an Employer Tax ID or as Form SS-4. The EIN is essential for reporting taxes and other documents to the IRS. In addition, the EIN is necessary when reporting details about your staff members to state firms. You can obtain an EIN online or call the Internal Revenue Service at 1-800-829-4933.
Step 2. Establish Records for Withholding Taxes.
According to the Internal Revenue Service, you have to keep on records of employment taxes for at least four years. Maintaining good records can also help you keep track of the development of your company, prepare financial statements, determine sources of receipts, keep an eye on deductible expenses, prepare your income tax return, and support items reported on income tax return.
Below are three types of withholding taxes you require for your company:
- Federal Income Tax Withholding – Every employee must provide a company with a signed withholding exemption certification (Form W-4) on or prior to the date of employment. The company needs to then submit Form W-4 to the Internal Revenue Service.
- Federal Wage and Tax Statement Every year, companies must report to the federal government salaries paid and taxes kept for each worker. This report is submitted needing Form Wage, tax and w-2 statement. Employers should finish a W-2 form for each employee who they pay a wage, wage or other payment.Employers should send Copy A of W-2 forms to the Social Security Administration by the last day of February to report salaries and taxes of your employees for the previous calendar year. In addition, employers should send out copies of W-2 kinds to their staff members by Jan. 31 of the year following the reporting period. Check out SSA.gov/ employer to learn more.
- State Taxes – Depending upon the state where your employees are located, you may be had to withhold state income taxes. Check out the state and local tax page to learn more.
Step 3. Worker Eligibility Verification.
Federal law needs companies to validate a staff member’s eligibility to work in the United States. Within three days of hire, employers should complete Form I-9, work eligibility verification, which needs employers to analyze documents to verify the employee’s citizenship or eligibility to work in the U.S. Employers can only request documentation defined on the I-9 form.
Companies do not have to send the I-9 form with the federal government however are required to keep them on file for 3 years after the date of hire or one year after the date of the worker’s termination, whichever is later on.
Employers can utilize details provided from the Form I-9 to digitally validate the employment eligibility of freshly minted staff members by registering with E-Verify.
Step 4. Register with Your State’s New Hire Reporting Program.
All employers are required to report newly employed and re-hired employees to a state directory site within 20 days of their hire or rehire date. Check out the New Employees Reporting Requirements page to get more information and discover links to your state’s New Hire Reporting System.
Step 5. Obtain Employees’ Compensation Insurance.
All companies with staff members are required to provide employees’ compensation insurance coverage through an office provider, on a self-insured basis or through their state s Workers’ Compensation Insurance program.
Step 6. Post Required Notices.
Companies are required to show particular posters in the work environment that inform employees of their rights and company responsibilities under labor laws. See the Workplace Posters page for specific federal and state posters you’ll need for your business.
Step 7. Submit Your Taxes.
New and existing employers should seek advice from the Internal Revenue Service Employer’s Tax Guide to understand all their federal tax filing requirements.
Step 8. Get Organized and Keep on Yourself Informed.
Being a good employer doesn’t stop with satisfying your various tax and reporting responsibilities. Maintaining a fair and healthy workplace, providing advantages and keeping on employees notified about your business’s policies are key to your commercial’ success. Right here are some additional steps you need to take after you’ve employed your first employee:.
In addition to requirements for keeping on payroll records of your workers for tax functions, particular federal employment laws also require you to keep records about your workers.
Perhaps, you’ve been searching for that good job a long time. It can be discouraging to go to many interviews without being hired at all. But you should never give up, because you can get the job you want. Keep reading to find out how.
Don’t get overly friendly with those that you work with. Keeping relationships with your colleagues at a professional level is best. Personal relationships take things to a different level and quickly lead to conflict and drama in the workplace. Avoid situations like these if you do not want to risk your job.
Your resume is just a fraction of the job finding process. Your resume should be kept updated, crisp, professional and current. Keep in mind that your resume is not enough to find a job. Employers are looking for dedicated, enthusiastic individuals that can take their business in new directions. Always emphasize your strengths.
You can get the right job with the help of an excellent resume. Make your background apparent to prospective employers with a well organized resume. You resume should highlight your educational background, job experience and any special skills and strengths. Volunteer work should be added, as well as contact information.
Network with people in your industry. Being good at networking will allow you to come into contact with more people in your profession. Go to seminars, classes, meetings and join organizations in the field. Use these resources to learn throughout the following months and prepare yourself for a new future.
Do not lie in an interview. The interviewer may double-check what you say, which can lead to you being disqualified. Once hired, you may have difficulty if you do not have the ability to perform tasks. Focus on sharing your real strengths positively rather than inflating claims to impress the interviewer.
The impression and feeling you convey is crucial to success in interviews. Be very positive, and do not forget to smile. This will make a positive impression during the interview and can impact the hiring decision.
You need to do some background research on employment agencies and make sure their claims and promises are legitimate. Some agencies just want your money. Do some research online and talk to people who have used their services. A great agency can help you get your dream job.
As you’ve read here, finding a good job, even when the economy isn’t the best, is possible. Soon the job search will only be a memory. When you utilize the tips shown here, you will find success in your job search. Your perfect job could be your next interview.
Everyone needs a job, but not everyone knows how to land one. It can help to have the right information when you want a certain position or to impress any interviewer. By reading this article, you’ll be better prepared to land the job you want.
When job hunting, everything hinges upon your level of preparedness. Your resume must be updated with your current qualifications. You should list all of your achievements, including education, certifications and degrees. Any information that might be relevant to your experience or education must be included.
You don’t want any conflicts with coworkers. To ensure that you are seen as a person who is easy to get along with, avoiding conflict is essential. This will help you create a reputation that comes with benefits like raises and promotions.
It is best to arrive at work early. Delays can pop up when least expected, so make sure to allow ample time. This allows you to establish a reputation for punctuality, a trait that is valuable yet surprisingly difficult to find.
Offering above-average services, compensation and support is the best way to attract qualified candidates. Lots of the best companies provide amenities like gyms, restaurants, etc. Competition for jobs in these companies is fierce because good employees really want to work in them. As the employer, you will be able to choose from the cream of the crop.
Organize important information in standardized forms. Applications usually ask you to recall information from the past. Having a quick reference sheet for this information will be helpful in a pinch. This will simply the process of filling out applications.
Do not limit yourself to only one job title since many similar jobs can be known by wildly different titles. Look online to see what other titles are like the one you want. That way, you will be able to apply for more positions.
Although your resume is important, understand that you will need more than an excellent resume to land a job. You must keep it updated to remain current. The resume alone won’t determine your eligibility for the intended position. Employers want workers that fit well within their workplace and can handle the different dynamics of the position. You need to be sure that you highlight your strengths.
Sign up for your employer’s group health insurance plan. This will be taken out of your check and is very beneficial for you. If you have a spouse, compare health plans to make sure you choose the best plan.
If you really need the money while you’re searching for a job, get a job in another field while you search for a long-term job. For example, you could become a bartender or a waiter while you search for a full time job.
The tips you’ve read here should help you along. Now you know how to find promising jobs, as well as how to have a successful interview. Use the above tips to land the job of your dreams.
Finding a decent job is difficult in this economy. There are many things to remember and it’s hard to compete with so many others. This article contains advice that will help you stand out while seeking a job.
If you are unable to find work, you might need to tweak your job search strategy. There are many companies that are not currently hiring, but do not allow that to stop you. Go to places you wouldn’t have before, and make sure you’re able to afford to go there if you get the job.
Use LinkedIn as a resource. You can demonstrate your industry knowledge and skills by participating in the popular Questions and Answers feature. You can also talk to others about their titles, jobs and experience in their roles and fields.
Dress well for the interview, even if it’s for a job that requires casual attire. Show you are a professional with quality and sleek attire.
Make sure that you use the cover letter as a chance to stress any qualifications you have that were mentioned in their ad. If leadership skills are something they are seeking, mention that you have been in a leadership position. You want your skills to match those that they are specifically looking for in their ads.
Make a habit out of showing up for work a few minutes early. Unexpected delays could make you late, so having a buffer of several minutes is valuable! Doing so can help you show promptness, a quality most employers prize.
Develop a form that will help you fill out applications. You’ll find yourself having to supply dates and information that may not be fresh in your mind. It makes sense to keep this information in one simple document. Finishing applications will be easier and faster too.
It’s not easy to find a job in these difficult times. Not only are you being scrutinized, but there are many other candidates that you have to compete against. Use this advice so you can become one that stands out from all the other applicants.
Getting a job is something that everyone has to deal with at some point. If you’re going to be successful at finding a job, you need to know everything you can about employment. Learn the tips in this article, and you’ll have better success in your job search.
Get enrolled in school. At times, discovering the job you want requires that you expand your skills. The more you learn, the better job opportunities you’ll find. The Internet features many programs that allow you to learn on your own schedule.
Go to many career fairs while you are job searching. Career fairs will help you figure out the kind of job you want. Also, you can strengthen your contact list with valuable acquaintances that can help you land a job.
Remember that a resume is only a portion of what determines who gets hired. It should be updated regularly and kept to a current style. However, the resume by itself will not do the trick. People that are hiring need people that are enthusiastic and dedicated because they need their business to do well. Figure out what you’re good at, and be sure to highlight these things.
You always want to look your best when attending a job interview. Pay attention to your grooming and dress in an outfit that is tasteful and appropriate. You will be judged by your neatness, so make sure you are presentable.
Remember that companies only care about making money. When preparing to interview or send a resume to a prospective employer, search for ways to prove to them that you will increase their bottom line with your skills and talents. Showing good character is important, but there’s more to the equation.
Use an employment agency. They often are free, help you find a job or will even work on your resume with you. Not only will they determine your skill set, they will also help you locate employment that corresponds with your current skill level. Stay in touch with the agency and make sure your resume is still at the top of the stack.
If money is an important issue when looking for a job, try obtaining a position outside your field to pay your bills while you’re looking for longer term employment. Bar tending or being a waiter can be excellent options while you continue your search.
Employment is a multifaceted topic. To have a successful life, you need a good job. You can find your dream job if you apply the techniques discussed here.
It can be very difficult to find a good job, especially in this troubled economy. You must keep many things in mind when competing for a job. Use the helpful job-seeking advice in this article to help get a step ahead of the others.
If you are still employed while looking for another job, it is important to always do your best work. Just taking it easy near the end of your current job can make you have a bad reputation. You do not want potential employers to hear about this. Succeeding will depend on you doing your best.
It is important to be better dressed for the job interview than what you would normally wear every day to work as you are trying to make a good impression. Just because they allow casual clothes doesn’t mean that you shouldn’t try to impress the manager looking like you should have the job.
You must always make sure to try to keep things professional and conflict-free with your fellow coworkers. Being able to work and play well with others is of the utmost importance in the job world. You will also increase your chances of getting raises, promotions or even finding a job via networking.
Get to work before your scheduled shift time. If you give yourself extra time to get to work, you’ll be prepared for little things that might otherwise make you late. Doing so can help you show promptness, a quality most employers prize.
Do not develop friendships with your boss or co-workers. It is your best interest to keep your relationships at work on a professional level. These friendships may lead to drama and gossip which will be detrimental to the workplace. The more you network, the better.
As you’ve seen, it can be hard to find a good paying job when the economy isn’t doing well. There is a lot of competition today of people trying to get the same job as you. Take the tips included above to heart and help yourself find the job of your dreams.
Everyone needs a way to earn money to pay for their daily expenses. What are the solutions for people who are underemployed or unemployed? Look for a new job! This article is designed to help you on your way to a better financial position.
If you’re not able to find a job, your searching strategy needs to be reworked. There are many companies that are not currently hiring, but do not allow that to stop you. Search in areas that you have not previously considered, but consider the expense of travel if you get a job there.
Make yourself aware of the typical salary, benefits and work perks of various employers in your industry. This allows you to negotiate to your advantage without selling yourself short. Employers use this as a benchmark, typically based on the budget that they have. Although you should not request something astronomical, you want to look like you know the value of your position.
Dress with professional attire when you are going to a business. Nice clothes show confidence and pride. They need not be expensive, simply clean and well tended.
Keep yourself in a good mindset. There is no such thing as failure unless you allow for it. Do not live off unemployment until it runs out. Figure out your goals, set a deadline and stick to it!
When searching for jobs, you shouldn’t just search for a single job title. Keep in mind that there are many similar jobs that have different titles than the one you are searching for. Research online to find similar names for the job you are seeking. This can expand your scope when you are applying for jobs.
When answering your phone, be as professional as you can. Give your name clearly, along with a greeting appropriate to the time of day. Potential employers will like your attitude and see you in a good light.
You should think about putting a cell phone number down on all of your applications and resume, as opposed to your home number. This opens up the opportunities for you to immediately get the call, no matter where you are. You can always take your personal cell phone along with you everywhere you go.
Take advantage of the health insurance plan offered by your employer. This plan is definitely less costly than individual plans, and any premiums are deducted from your check prior to taxes. If you have a spouse, compare health plans to make sure you choose the best plan.
Understand that companies exist to make money. Spend some time honing your message on how the talents you bring to the position will enhance their bottom line. While it is great that you are a responsible, honest individual, companies want more than that.
This article should help you locate the perfect job. These tips will help you regardless of your experience or the type of job you want. Keep it with you as you pursue your dream job.
It is very unpleasant to have to look for work, no matter what the reason. However, this is an opportunity to get a job that you find much more fulfilling than your old one. Read this article for tips on finding your dream job.
Try to maintain pleasant relationships with your coworkers. Establish yourself as a team player. You will also increase your chances of getting raises, promotions or even finding a job via networking.
Keep yourself in a good mindset. When you are looking for work, do not let yourself get worn down. Unemployment benefits only get you so far, so make sure to set deadlines. Instead, you must have solid goals set on the amount of applications you have out there.
As you are exploring job options, keep them diverse. Do not depend on any one opening to the exclusion of others. Although it may look like the job is yours, you haven’t been hired yet. Keep hunting in the meantime. The more places that you apply, the better your chances of landing a job are.
If your company needs another employee, be patient in your search. It is more important to find the right fit for your company and needs than to fill an empty position with just anybody. If you hire in a rush, chances are that you will regret it. It can be hard to remove a bad employee once you hire them.
Set up an email address that sounds professional. This is the first thing a potential employer will notice. Pick a simple address that at least has your last name in it. Don’t miss out on the job you want due to a silly email address you got years ago.
You can find the job that you truly desire if you do your job searching correctly. Join the ranks of the fortunate men and women who wake up each morning with an honest desire to start work. Now square your shoulders, take a deep breath, and go snag the job of your dreams!
It isn’t easy to locate work, particularly when you don’t know where to look. There are a lot of resources available for people looking for jobs. You can find your dream job by applying the information shared in this guide.
Word of mouth is a good way to find a job. They might be able to introduce you to potential employers. A lot of people will overlook this step. However, if you do not have good recommendations you may be turned away.
Don’t get into fights at work. If you can use them for networking and references, you’ll find a new job more easily. If you have a good reputation, it will follow you around in the future so that you can get things like promotions or raises.
Your cover letter should reference the specific qualifications from the job listing. If they said they want someone with leadership skills, mention times you have shown leadership. Your goal is to tailor the cover letter to closely align with the company’s needs.
When you’re filling out applications, use a form that will make the task easier. On many occasions, you will asked to furnish information that is hard to recall from memory. Having such information written down on paper is a smart idea. This will make it much simpler to complete applications.
When looking to get a job, you’ll want to go to a lot of different career fairs. These kinds of fairs can provide you with valuable information while letting you decide what kind of work is best for you. You can also make good friends and contacts who can be very helpful to you.
Look for all different types of jobs that you qualify for. Research on the Internet different job titles that may exist and be similar to what you want. This will make more jobs available to you.
If your company needs another employee, be patient in your search. You may find yourself in need to hire new people to meet new business requirements. Rushing to hire can cause regret. In many states, it can be hard to get rid of an employee after they’re hired.
Make sure that the email address you list on your resume is a professional one. The first impression your potential employer has of you is through your resume and contact information. Generally, you should use your last name. You do not want to lose the job of your dreams to an unprofessional sounding email address.
Remember that companies only care about making money. Make sure that you emphasize that you can make the company more money. You may be honest and responsible, but they are looking for more.
It is not the simplest thing searching for a good job. You need to look in many different places for work, rather than focusing on a single possibility. The information above can help you to search in new places so you can find your dream job.
You must learn all you can about how to become gainfully employed. You cannot get a position easily without knowing the tips to successful job searching. Read here to learn more.
If you still have a job, don’t slack off just because you’re looking for work elsewhere. Your reputation can be sullied if you shirk your responsibilities. Any potential employer might find out about your poor performance. Always do your best on the job in order to achieve success in your career.
Be prepared to answer quite a few questions when you’re about to be interviewed. At the conclusion of almost any job interview, the interviewer will ask you if you have any questions. Questions about the atmosphere, type of work to be completed and anything else you want to know should be asked.
Don’t get into conflicts with coworkers. You should focus on acquiring a reputation as someone who is easy to work with. You will also increase your chances of getting raises, promotions or even finding a job via networking.
Never stop learning new skills. Business practices, as well as technology, are always changing and evolving. Therefore, to keep yourself relevant, you must keep up, or you’ll be left behind. Take a class or seminar to become up-to-date. This knowledge could just give you the edge over other candidates when it comes time to hire.
Many employers will try to entice you by adding a lot of amenities. Today, many companies are offering such amenities as saunas, gyms and micro-restaurants located in their facilities. As the company builds a favorable reputation, talented candidates compete for available openings. That way, you can be certain to attract top-notch prospects.
Make sure that you apply to many different jobs to give yourself the best chance of landing one. Even if it looks promising, it’s not a definite thing until you’re hired. Continue to search, and keep all options open. Your chances of finding work increase with every application you fill out.
Include social media addresses in your resume. This has become a large part of the culture of many companies, so it is great to show it off as a skill set.
From the article above, you should be able to use the information available to help you land a good job. Take finding a job seriously. In fact, it’s a good idea to treat your job search as if it were a job. Never give up! Soon you will have the career you always dreamed of.
If you are seeking financial independence, a job is a good first step. But, doing so can be tough. You have to know how to do well in an interview and obtain skills. This article will sharpen those skills and place you in the right state of mind for the next interview.
When job hunting, contact folks already in your personal network. These people might know someone who is looking for a person with your qualifications. This step is often overlooked, however it is essential to start here as someone who comes recommended is far more likely to be hired.
If you are still employed while looking for another job, it is important to always do your best work. You cannot afford a bad reputation due to goofing off. That reputation could be passed on to your future employers. Success comes only to those who continually deliver work of the highest quality.
LinkedIn is a valuable tool to use while job searching. Their Q&A section is a great place to display your qualifications and expertise. Use this section to ask others questions about ideas, experience, and jobs in specific roles and industries.
Keep yourself in the right frame of mind. Failure is almost certain at some point, so take this with a grain of salt. Don’t depend on unemployment, or you may never feel motivated to get a new job. What you should do is set attainable goals and make deadlines as far as the amount of applications you submit.
Although your resume is important, understand that you will need more than an excellent resume to land a job. It must be updated to remain current and fresh. Remember that your resume cannot get you a job all by itself. Maintain a positive, knowledgeable aura to show what you can bring to the company. Show off what makes your qualifications special.
On your resume, put some of your social media experience on it. Social media is widely used in business, and showing you know what you’re doing can make the right impression.
Remember that companies only care about making money. Put a lot of planning into your interview so that you can really sell yourself to an employer. Being honest, hard-working and responsible will help you find a job, but remember that being able to prove your success is a key element.
As you have seen, a lot goes into finding a job, and making yourself a fit for a potential employer. How much work you put in can seem overwhelming, but with this advice, you can shine at your new position. So use the advice here and get the job you want!