Episode 021 – Do Less/Play More…Outsourcing Like A Boss

About This Episode

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

Additional resources:

• Independent Contractor Versus Employee
• Why Should You Outsource
• 10 Tasks Your Virtual Accounting And Bookkeeping Team Can Do To Save Your Time And Money
• Why Outsource Bookkeeping/Accounting?
• Team Building Using Independent Contractors

Attorneys That Can Help With Service Agreements for Independent Contractors:

• Ticora Davis
• Elizabeth Potts-Weinstein
• Annette Stepanian
• Autumn Witt-Boyd

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