Description

Outsourcing doesn’t have to be a chore… it’s actually one of my go to when it comes to growing and scaling my business.  The step that I recommend taking before hiring a more permanent team (aka employees).

But before you go on a team building spree, you have to know the 3 tests that defines an independent contractor relationship...and pass them.

Once you’ve passed the test...all systems are a go.  Go forth and team build to grow. Get back into your zone of genius, your core activities… by doing less (yourself) so that you can play more.

Highlights of this episode:

• 1:12 timed highlights
  
• 00:45  What is outsourcing? What’s the difference between an employee and an independent contractor?
  
• 01:30  What are some tax implications you should consider when outsourcing
  
• 03:09  What are the tax guidelines for defining an independent contractor relationship
  
• 08:49  Advantages of Outsourcing
  
• 11:09  Disadvantages of Outsourcing
  
• 13:03  Examples of general tasks to outsource
  
• 13:45  Examples of accounting tasks (note: not every accountant does all of these tasks and this isn’t an exhaustive list)
  
• 14:50  Who should outsource their accounting
  
• 15:34  Why you should outsource your accounting
  
• 16:00  How to outsource your accounting
  
• 16:29  Three steps to a smooth transition
  
• 21:00  How to work with us
  
  

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

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Want to chat and hangout with me, Joyce?  You can find me on Facebook, Instagram or Twitter…as @thecommoncents.

You can find all the links and additional show notes at:  https://www.thecommoncents.com/podcast