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Thread: Why not hire?
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Old 07-17-2012, 01:31 AM
CHEESE2009 CHEESE2009 is offline
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I found this;

Employee Benefits Policy
As you add employees to your business, you will need to decide

How many hours people will work.
What holidays they are entitled to.
What your vacation policy might be.
If you elect to cover employee medical expenses or provide medical insurance, you will need to give some thought to what type of policies you will provide. This might be an HMO, PPO, or pick your own doctor policy.
What sick leave policy to offer. Will you pay employees when they are sick or will this time be considered unpaid time off? Be sure to refer to the Fair Labor Standards Act when making this determination. There are different requirements for hourly vs. salaried employees.
There are a number of sources to give you some help in deciding these issues:

Start with your accountant and lawyer.
Your own experience in your particular industry will help determine your policy. What has worked for similar companies in the past is very likely a good way to consider going with your own company so you are competitive with other firms in your industry.
Organizations such as SCORE can be helpful in determining policies and procedures.


Making entries into a software program does not require a trained bookkeeper but it is important that you, the business owner, have a full understanding of double entry accounting.
There is one aspect of bookkeeping that you could consider delegating: payroll and payroll reporting, which can be handled by Payroll Service Providers at a low cost.

Last edited by CHEESE2009; 07-17-2012 at 01:35 AM.
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