To the government, whether someone is an employee or a contractor is a matter of perception. When the Government sees a person that looks like an employee, acts like an employee, and pretends to be an employee, they will take the stance that, that person is in fact, an employee.
Accountants take care of the money side of a business, but if you have a small business, can you afford the services of an Accounting Firm? Sadly there seems to be a trend among accounting firms to boost their revenue by focusing on larger businesses, thus neglecting the small business sector. Even if they ‘lower their standards’, to accommodate such an ‘insignificant’ client, their inflated fees are making it more and more difficult for small business owners to justify their services.
There are numerous reasons why we are motivated to start a small business, but it’s important that we do it for all the right reasons. There is no doubt that owning a small business can be extremely rewarding, but to be successful in business, we first have to understand what it is that we are doing, otherwise, how can we tell if we have done it?
It’s not just about the money. If you start a business just to make money, you may succeed, or you may not succeed. Either way, you are missing the point. Running a business is a lot more than just money. If managed properly, your business will take on your identity and your character, and in return, it will reward you in ways you never thought possible.
