Tuesday, February 11, 2014

You don't have to be an expert to be an employer, just ask for help

Today's generation has no idea what the world was like before the invention of the internet.  You know, when you had to go to the library to look things up?  Before you could google the subject and get then answer from Wikepedia?  Hopefully the easy access to information will train this generation that there is no shame in not knowing the answer to a question.

I was foolish enough to think this was expected of me when I left college, that my fine education should be given me the answers to all the questions which were put to me in the working world.  This created a great deal of stress for me in the early years as I struggled to figure things out on my own and to hide my presumed "lack of knowledge" from my supervisors. Thankfully, I am now older and wiser and have learned that saying "I don't know the answer to that, I will have to look it up" is not shameful.

Business owners need to learn this as well.  They obviously have an area of expertise which is what led them to open the business.  They are not expected to be experts in other areas, such as accounting, marketing, IT or human resources.  Trying; to master all these areas on your own can sink many a new business.  Knowing when to ask for help is the sign of a savvy business owner.

Becoming an employer for the first time is a complicated matter and guidance is always recommended.  Making sure you have completed and filed the proper paperwork, you are paying employees within labor laws and you are paying payroll taxes and filing forms correctly and promptly is tricky.  Failing to do so can cause a business to fail.  Being an employer is very different from being an employee so find an expert in your area to help you establish payroll policies, hire and train your employees, process payroll and file and pay payroll taxes.

We have seen far to many cases where a business owner just hires someone and writes them a check for wages without calculating the payroll taxes.  Or, they consider an employee to be an independent contractor when they should be an employee.  This link provides some clarification to the independent contractor vs. employee question.contractor or employee?

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