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Casual Articles - Are They Employees or Contractors?
Have you ever heard of any of these people:· Dale Earnhardt· Dr. Phil· Martha Stewart· Donald Trump· Madonna· Billy GrahamRegardless of their chosen profession, business or discipline, each of them is successful
One of my favorite moments on any project is the moment when, after spending hours investigating a process, an exhausted interviewee gives an exasperated gasp and says “Well, that’s the way we’ve always done it!”Most companies with a long and storied cor
One of the more frequent discussions we have with clients is whether someone in their office qualifies as an employee or contractor.
For most small businesses, saving money is the big concern. The possibility of having contractors instead of employees as a way to save money - by not paying CPP, EI and so on - seems like an appealing option.
The trouble is that most employees are just that - employees. They do not meet the definition of contractor and by paying them as contractors, you risk serious consequences.
Ask yourself the following questions about each person affiliated with your business:
1. Does she work in your office?
2. Does he use your tools and equipment?
3. Does she work under your supervision?
4. Does he have business cards with your company name and information?
5. Does she have company e-mail or voice mail?
If you have answered yes to one or more of the questions, chances are good the person is an employee in the eyes of Revenue Canada. It doesn't matter if someone has registered a GST number in order to be treated as a contractor. It also doesn't matter if people just work for you part-time - that just makes them part-time employees.
The penalties for not withholding the proper payroll deductions for an employee are stiff. They can include all of the past deductions you should have withheld, plus interest and penalties. Consider the financial impact this would have should you be caught. In many cases, the back taxes and penalties can bankrupt a smal
Recently lost your job or just looking for a new one?Is there a job opening at the company you have been looking at the last 6 months?The job seeker of today has to be able to present him/herself in a way that stands out from the rest. All to man
The trouble is that most employees are just that - employees. They do not meet the definition of contractor and by paying them as contractors, you risk serious consequences.
Ask yourself the following questions about each person affiliated with your business:
1. Does she work in your office?
2. Does he use your tools and equipment?
3. Does she work under your supervision?
4. Does he have business cards with your company name and information?
5. Does she have company e-mail or voice mail?
If you have answered yes to one or more of the questions, chances are good the person is an employee in the eyes of Revenue Canada. It doesn't matter if someone has registered a GST number in order to be treated as a contractor. It also doesn't matter if people just work for you part-time - that just makes them part-time employees.
The penalties for not withholding the proper payroll deductions for an employee are stiff. They can include all of the past deductions you should have withheld, plus interest and penalties. Consider the financial impact this would have should you be caught. In many cases, the back taxes and penalties can bankrupt a sma
Business startup funding is always a worry. Do I have enough money to start? Can I quit my job to concentrate full time? Will I be able to cover my monthly expenses?When the time comes to actually launch your business you must have done your homework r
1. Does she work in your office?
2. Does he use your tools and equipment?
3. Does she work under your supervision?
4. Does he have business cards with your company name and information?
5. Does she have company e-mail or voice mail?
If you have answered yes to one or more of the questions, chances are good the person is an employee in the eyes of Revenue Canada. It doesn't matter if someone has registered a GST number in order to be treated as a contractor. It also doesn't matter if people just work for you part-time - that just makes them part-time employees.
The penalties for not withholding the proper payroll deductions for an employee are stiff. They can include all of the past deductions you should have withheld, plus interest and penalties. Consider the financial impact this would have should you be caught. In many cases, the back taxes and penalties can bankrupt a sma
How do you make money? How do you not let money use you? Well let’s take the first question? How do you make money? Here are some easy ways:• Job • Start a business • Inherit money • Lottery / Gamble • CrimeAs odd as it sounds,
The penalties for not withholding the proper payroll deductions for an employee are stiff. They can include all of the past deductions you should have withheld, plus interest and penalties. Consider the financial impact this would have should you be caught. In many cases, the back taxes and penalties can bankrupt a sma
I encourage each of you beef cattle breeders to consider these four steps in your Beef Cattle Marketing program.BUILD THE RIGHT PRODUCT There is no question that the most important thing in seedstock marketing is to develop the right product. That p
Get off on the right foot. If your business can't sustain the real cost of an employee (i.e., the proper tax deductions), maybe you can't afford to have the employee. If you don't acknowledge your true costs, you will never know if your business is actually viable. And if it's not, it's best to know before the government steps in.
For more information about employees and contractors, visit the Government of Canada website at http://www.cra-arc.gc.ca/tax/business
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