Wednesday, August 2, 2017

How to know if you should pay contractors hourly or weekly/monthly

Once you determine if a person is a contractor or employee, you can turn your attention to additional questions in regards to your work relationship. When you hire an employee, you know that this person will be paid based on your payroll schedule. Maybe it’s once a week, maybe it’s every other week, or maybe it’s once a month. The decision is yours. With a contractor, you don’t have the same level of control as you do with an employee (see this page on the IRS website). This could change your approach to how they are paid. One of the…

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