Get Going In Business

We are continuing our conversation on the ABCs of starting a business. We will follow the progress of a fictitious newly formed Yoga Studio. In episode 128 we looked at business structure and today we will focus on hiring employees. Find out more about starting your own business With us is Cory Johnson from Cory W. Johnson, CPA, LLC  which is located in Silver Spring, Maryland. He has about 200 individual clients and about 30 business clients located all throughout the country. He provides accounting, payroll, CPA, incorporation, and tax services. Hiring Employees  - Key Points When hiring employees, you can choose to hire either employees or  contractors to work for your business. The front desk worker is probably an employee while the yoga instructor is most likely a contractor. Look for guidance to help you determine whether someone is your employee or a contractor. In addition to salaries, payroll-related expenses include social security, medicare, and unemployment tax payments. Use a payroll