Is Outsourcing a Good Solution to Help You Grow Your Business?

Is Outsourcing Good for Your Business

It is essential to have the right workforce to support the growth of your company, and many business owners mistakenly think that they need to hire employees. But, you might not need a full time employee, because our digital world has created many opportunities for freelancers and outsources to offer the services that you need.

In fact, it is possible that you will likely save money and receive higher quality work by searching for freelancers instead of hiring more employees. Before you hire anyone, you need to evaluate the needs of your company and the type of work that will be performed by the individual.

The Difference between Contractors and Employees

There are some distinct differences in the way contractors and employees are managed, so you need to make sure that you understand these differences when hiring your workforce. The IRS really frowns upon the idea of hiring freelancers to avoid the costs of full-time benefits for employees. But, there are certain situations where freelance services can be helpful if you don’t need the assistance of a full-time employee.

Make sure that your freelancers have other clients, and they need to show evidence of running a real business instead of only working for your company. Additionally, freelancers are typically hired based on project goals, instead of helping with open-ended work without a deadline. Freelancers shouldn’t be working from your offices, and they need to handle their own schedules and other work details. You can talk with your accountant or small business bookkeeper to learn more about the differences between a contractor and an employee.

Save Money and Improve Work Quality

The biggest advantage to hiring contractors is that you have the ability to hire the people that are a perfect match for the specific task that needs to be completed. For example, if you need someone to help with invoicing and financing tracking for a few hours per week, then it is probably easier to hire a professional bookkeeping service rather than going through the hassle of employee paperwork, employee taxes, and trying to find work to keep an employee busy for the rest of the week.

There are a variety of options that you can consider when it is time to hire new talent for your small business. If you need additional support, then you should take the time to consider the tasks that are needed and the people that can help achieve the business goals.

Do you need assistance with small business bookkeeping and other financial services? We are here to help, and we will gladly cater the services to match your needs. Contact us Easier Bookkeeping at: (888) 620-0770

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