I have a small plumbing service company. It is me, my wife and one other employee. We all get paid by regular paychecks. I even pay myself that way. I made my business so it works that way. I did not want any problems with having to pay federal, state and local taxes at the end of the year. We all have our withholding done from our paychecks. You can see the place I get them done if you click here now. It is easy to do for pretty much anyone. You just give them the info they need, and you get your paystubs for everyone to keep track. It makes it easier at the end of the year for taxes too.
I used to just do the self-employment thing with me working. When I needed some extra help, I would hire a guy as a subcontractor. However, that can get you in trouble if you treat them like an employee at all. Continue reading “Getting Paid by Paychecks with Proper Withholding Makes My Business Run Easier”