Depending on the nature of your business, you may have workers who are employees or contractors, or you may have both. Each has its merits, but it’s important to review which are which to meet your tax obligations. When you have an employee, you must withhold income tax as well as report on additional benefits. Contractors generally look after their tax obligations. It’s against the law to treat an employee… Read more
When it comes to hiring temporary staff, business owners can be divided into two categories. Some eagerly embrace the idea, recognizing that seasonal workers are necessary during specific business seasons. Others view it as a necessary inconvenience to cope with heavy workloads when the regular workforce is lean. Unfortunately, there is often a prevailing attitude that temporary employees are less skilled and knowledgeable compared to permanent employees. It’s time to… Read more
The question of motivating employees is often on a business owner’s mind. It can be difficult to find ways to genuinely motivate employees at work, and often the old standards—performance-based bonuses, increased rewards and commissions—only work in the short-term, if they work at all. In fact, some tests have shown that the usual motivational tactics aren’t always effective. So how can you authentically motivate workers? 1. Share positive feedback Too… Read more