If you're like most entrepreneurs, you started your company with as few employees as possible. It's not unusual for businesses to form relationships with independent contractors — either directly or through an agency — to keep costs low until the business grows. After a while, however, you may want to hire these contractors as employees — or hire new employees to do the same tasks. It's a common situation, yet it's surprisingly confusing to navigate. How do you make the switch from contractors to employees? The process may vary a bit from one business to the next, but here are some things to consider.
Your company's CPA and CFO rely on the data gathered, organized, recorded, and classified by your bookkeeper to.