9 Steps to Hiring Employees

The goal of any business is growth, and a lot of times that growth will result in the need to hire help. Finding and retaining good talent is one issue, but there are steps that must be taken before and when hiring employees. Obtain an Employer Identification Number (EIN): Before hiring your first employee youmust obtain an EIN from the IRS. Register your business with your state: Most states require you to register if you conduct business in that state to determine if and what types of state taxes the business will be required to pay. Assess the employee’s eligibility …
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Tax Deductions for the Self-Employed

One of the great things about self-employment, and there are many, are all the tax deductions you can take. But, beware, because the IRS is monitoring and you want to be sure your business deductions are both ordinary and necessary for your trade or business. Below are a few common expenses your business may be allowed to deduct. Supplies Auto Expenses: Mileage on your personal car, keep good records Business Insurance Premiums Health Insurance Premiums: If self-employed and unable to participate in spouse’s employer plan Self-employed Retirement Plans Computers, Equipment, & Furniture: Either expense it or depreciate it Internet & …
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