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Tax, SDIRAs & Cost Segregation

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Sam M.
  • Chicago, IL
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13
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How do I pay my employee?

Sam M.
  • Chicago, IL
Posted Jun 18 2013, 21:35

Hello all,

Thanks in advance for any replies.

I have one full-time person who helps me in managing my business. I also have a part-time maintenance person. I have been thinking of hiring the part-time person full-time also.

So my questions are:

1) I pay the current full-time person weekly by writing personal checks, so he is basically an independent contractor. I asked my CPA and he said it's OK to keep him as an independent contractor and no need to do payroll for him. Is that accurate?
2) If the above is fine, I plan to do the same thing when I hire the maintenance person full-time also. Just write personal checks every week.
3) For people who have full-time employees, how much is the extra cost of hiring some one full-time vs 1099?
4) If statement # 1 is incorrect, any recommendations on who I can use for payroll? What is the pricing?

Thanks!

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