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Hiring my first real employee...

 
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Steve

posts: 921

May 24, 2006 11:51 AM ET    Quote  Report Abuse
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Have you considered going through a temp agency for the help you need? That way payroll taxes, etc. are their responsibility.


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entreprenerd

posts: 1187

May 24, 2006 11:52 AM ET    Quote  Report Abuse
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That might be good in the future, like during the busy holiday season. Temps are expensive though. I know because I used to be one!
mikehb

posts: 7

Jun 05, 2006 1:02 PM ET    Quote  Report Abuse
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Christine -

I would suggest using a payroll service if you hire your first employee. For prices that range from $20 to $80 a month (depending on what you want them to do), you get the peace of mind in knowing that you are doing all the correct things when it comes to withholding taxes, paying them on time, filing the correct paperwork with the federal government and states, and complying with the ever changing employment compensation laws.

I look at it this way - what would it cost me in time to do this each month -even with the help of a bookkeeper?  One of my best customers is a CPA - and he recommends outsourcing to a service for the reasons above.

Some options - Intuit has a service tied to the Quickbooks line, ADP has an "express" service for small business.



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Mike Walsh
Hickory Bay Company
www.hickorybay.com
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