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Accounting for Startups

inDinero Accounting

With an independent contractor, an employer no longer has to worry about expenses for: Payroll taxes Equipment costs Training expenses Unemployment insurance Employment-related legal liability In addition, independent contractors do not have the special privileges regular employees do with respect to concerted action and collective bargaining.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

If your startup is relying on the person who’s best at numbers for your accounting, you can be setting yourself up for failure like: Misinterpreting cash flows. Getting into legal troubles. With an independent contractor, an employer no longer has to worry about expenses for: Payroll taxes. Employment-related legal liability.

Account 52