Hello Veronica, Both offer advantages. Much will depend upon the service. A Photographer or Video will need to be better trained as would an event planner or a decorator.
In my personal and professional opinion as a small business owner I would recommend independent contractors to stay away from all the additional record keeping, tax, and liability, etc., issues with having employees parttime, full time or temporary.
As a small business owner I use Independent Contractors. They are responsible for their own Social Security contributions, you just have to provide them a 1099 Form for them to file their taxes on their yearnings every year. Fortunate for the owner they do not have to be provide benefits which is unfortunate for the Independent Contractor.
Since I am a one person business, I hired a wonderful social media person, web help and now renting space in a boutique, plus consignment in several other shops. I am not in a position to hire full time help, nor do I want to deal with tax laws to pay a salary either. This is working for me, but cannot tell others what would work for them.
Each business has different needs, you might need one or both, In our Industry, Either you hired Part time employees that will follow the culture of your company, policies and schedules and will be in your payroll, or Independent contractors as 1099, that will work on their own schedules, use your brand but will contribute as a team with he bottom line. Depending of how busy is the small business, You might need both,
Independent contractors are very important to my business as I cannot afford to pay benefits, taxes etc. as an employer on a regular basis. Sometimes individuals are not able because they have many job sources - but that's the gamble. I have had the same independent contractors for over 20 years and yes, good, reliable workers are always difficult to find. Treat them well once you find one.
Answers (1-10)
Hello Veronica, Both offer advantages. Much will depend upon the service. A Photographer or Video will need to be better trained as would an event planner or a decorator.
Your market will also play a roll.
Richard
In my personal and professional opinion as a small business owner I would recommend independent contractors to stay away from all the additional record keeping, tax, and liability, etc., issues with having employees parttime, full time or temporary.
Yes we definitely use part time independent contractors
Thanks for everyone response to my question.
As a small business owner I use Independent Contractors. They are responsible for their own Social Security contributions, you just have to provide them a 1099 Form for them to file their taxes on their yearnings every year. Fortunate for the owner they do not have to be provide benefits which is unfortunate for the Independent Contractor.
Since I am a one person business, I hired a wonderful social media person, web help and now renting space in a boutique, plus consignment in several other shops. I am not in a position to hire full time help, nor do I want to deal with tax laws to pay a salary either. This is working for me, but cannot tell others what would work for them.
Each business has different needs, you might need one or both, In our Industry, Either you hired Part time employees that will follow the culture of your company, policies and schedules and will be in your payroll, or Independent contractors as 1099, that will work on their own schedules, use your brand but will contribute as a team with he bottom line. Depending of how busy is the small business, You might need both,
Independent Contractors :)
Independent contractors are very important to my business as I cannot afford to pay benefits, taxes etc. as an employer on a regular basis. Sometimes individuals are not able because they have many job sources - but that's the gamble. I have had the same independent contractors for over 20 years and yes, good, reliable workers are always difficult to find. Treat them well once you find one.
Business is a very general word. Your question was not specific enough