Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 08-14-2012, 06:48 PM
cutman2000's Avatar
cutman2000 cutman2000 is offline
LawnSite Member
 
Join Date: Jun 2011
Posts: 185
First Hire

I'm looking to hire someone part time to help me out. Are these all a must?

#1. Obtain a Federal Employer Identification Number (FEIN)
#2. Register with your State Labor or Employer Division
#3. Obtain Workerís Compensation Insurance (if required)
#4. Post an "Employee Poster" as required by Federal and most State Governments

I'm looking for someone to help me part time, but I'm wondering if I should pay "under the table" until I get more established. What am I looking at, as far as fees($) for the list above(#1, #2, #3 and #4).
At the moment, my business name is registered(LLC) with the state. I'm insured(liability 1 million). No worker ins.
__________________
Ford F150 ex cab
12x6 Trailer
5x8 Trailer
(1) Zero Turn
(2) Husqvarna Packpack Blower
(2) Stihl stick edger
(1) walk behind edger
(5) weedeaters
(3) handheld blower
(4) walk behind mowers
(1) attachable aerator
(2) 22" Husqvarna hedge trimmer
(1) college degree
Reply With Quote
  #2  
Old 08-14-2012, 07:10 PM
GreenI.A.'s Avatar
GreenI.A. GreenI.A. is offline
LawnSite Bronze Member
 
Join Date: Jul 2010
Location: North East
Posts: 1,975
Quote:
Originally Posted by cutman2000 View Post
I'm looking to hire someone part time to help me out. Are these all a must?

#1. Obtain a Federal Employer Identification Number (FEIN)
#2. Register with your State Labor or Employer Division
#3. Obtain Workerís Compensation Insurance (if required
#4. Post an "Employee Poster" as required by Federal and most State Governments


I'm looking for someone to help me part time, but I'm wondering if I should pay "under the table" until I get more established. What am I looking at, as far as fees($) for the list above(#1, #2, #3 and #4).
At the moment, my business name is registered(LLC) with the state. I'm insured(liability 1 million). No worker ins.
1 -YES, the IRS says any company with employees must have an EIN $FREE

2 - I Don't Know about your state, $FREE

3 - Again depends on the State. Here in MA, a company must carry WC on all employees. Having WC on the business owners is optional, but most contractors will require it of subs as well as most commercial properties and HOA's will require it as well $ varies from state to state, insurer to insurer, and by type of work you do. WC is also based off of the amount you pay your employees/the hours they work

4 - Answered your own question didn't you? The signs need to be in a spot that is regularly seen by employees. For our industry, hanging signs in the shop should suffice, particularly if their is a spot where the employees go in the shop regularly. $50+-, a lot cheaper than the fines if you are caught without these.
__________________
Why do people not respect us as they do other tradesmen? Because every Tom, Dick, and Harry doesn't think he can be a plumber or electrician!
Reply With Quote
  #3  
Old 08-14-2012, 07:15 PM
krzys555 krzys555 is online now
LawnSite Member
 
Join Date: Jun 2012
Posts: 108
Quote:
Originally Posted by cutman2000 View Post
I'm looking to hire someone part time to help me out. Are these all a must?

#1. Obtain a Federal Employer Identification Number (FEIN)
#2. Register with your State Labor or Employer Division
#3. Obtain Workerís Compensation Insurance (if required)
#4. Post an "Employee Poster" as required by Federal and most State Governments

I'm looking for someone to help me part time, but I'm wondering if I should pay "under the table" until I get more established. What am I looking at, as far as fees($) for the list above(#1, #2, #3 and #4).
At the moment, my business name is registered(LLC) with the state. I'm insured(liability 1 million). No worker ins.
the ein number is free if you do it online.
the state labor registration is free
the employee posters will not cost you more then $50
workmans comp is based off payroll

the main thing you will have to think about is getting a service to cut you your payroll checks.
you need to withhold a certain amount for taxes, social security ect.
you will have you own taxes to pay based on how much you pay him.
Reply With Quote
  #4  
Old 08-14-2012, 07:25 PM
cutman2000's Avatar
cutman2000 cutman2000 is offline
LawnSite Member
 
Join Date: Jun 2011
Posts: 185
Quote:
Originally Posted by GreenIndustryAssociates View Post
1 -YES, the IRS says any company with employees must have an EIN $FREE

2 - I Don't Know about your state, $FREE

3 - Again depends on the State. Here in MA, a company must carry WC on all employees. Having WC on the business owners is optional, but most contractors will require it of subs as well as most commercial properties and HOA's will require it as well $ varies from state to state, insurer to insurer, and by type of work you do. WC is also based off of the amount you pay your employees/the hours they work

4 - Answered your own question didn't you? The signs need to be in a spot that is regularly seen by employees. For our industry, hanging signs in the shop should suffice, particularly if their is a spot where the employees go in the shop regularly. $50+-, a lot cheaper than the fines if you are caught without these.
I don't have a shop. Home office, but no shop. What would I do in this situation?
__________________
Ford F150 ex cab
12x6 Trailer
5x8 Trailer
(1) Zero Turn
(2) Husqvarna Packpack Blower
(2) Stihl stick edger
(1) walk behind edger
(5) weedeaters
(3) handheld blower
(4) walk behind mowers
(1) attachable aerator
(2) 22" Husqvarna hedge trimmer
(1) college degree
Reply With Quote
  #5  
Old 08-14-2012, 07:30 PM
cutman2000's Avatar
cutman2000 cutman2000 is offline
LawnSite Member
 
Join Date: Jun 2011
Posts: 185
Quote:
Originally Posted by krzys555 View Post
the ein number is free if you do it online.
the state labor registration is free
the employee posters will not cost you more then $50
workmans comp is based off payroll

the main thing you will have to think about is getting a service to cut you your payroll checks.
you need to withhold a certain amount for taxes, social security ect.
you will have you own taxes to pay based on how much you pay him.
Employee poster, is this the poster listing their rights? And where do I get this poster?

I am thinking of using Bank of America for payroll. Any opinions on this?

Workmans comp is based of payroll? So for someone working part time for me, workmans will not exceed what I'm paying the employee?
__________________
Ford F150 ex cab
12x6 Trailer
5x8 Trailer
(1) Zero Turn
(2) Husqvarna Packpack Blower
(2) Stihl stick edger
(1) walk behind edger
(5) weedeaters
(3) handheld blower
(4) walk behind mowers
(1) attachable aerator
(2) 22" Husqvarna hedge trimmer
(1) college degree
Reply With Quote
  #6  
Old 08-14-2012, 07:32 PM
krzys555 krzys555 is online now
LawnSite Member
 
Join Date: Jun 2012
Posts: 108
the signs i would put up were you keep the equipment.
inside a garage.
the signs need to be were the employes can see them, and have access to that area.
if you do not have a garage hen you can put them in your office
Reply With Quote
  #7  
Old 08-14-2012, 07:36 PM
krzys555 krzys555 is online now
LawnSite Member
 
Join Date: Jun 2012
Posts: 108
Quote:
Originally Posted by cutman2000 View Post
Employee poster, is this the poster listing their rights? And where do I get this poster?

I am thinking of using Bank of America for payroll. Any opinions on this?

Workmans comp is based of payroll? So for someone working part time for me, workmans will not exceed what I'm paying the employee?
bank of america is great. i do use them for payroll and credit card acceptance.
for credit cards they charge 1.99% with authorize.net gateway. they have no monthly charges, or monthly minimums.

workman's comp will not exceed payroll at least for full time people. not sure about part time people.
i would hop around for the best rates.
Reply With Quote
  #8  
Old 08-14-2012, 07:46 PM
cutman2000's Avatar
cutman2000 cutman2000 is offline
LawnSite Member
 
Join Date: Jun 2011
Posts: 185
Quote:
Originally Posted by krzys555 View Post
the signs i would put up were you keep the equipment.
inside a garage.
the signs need to be were the employes can see them, and have access to that area.
if you do not have a garage hen you can put them in your office
In my home? But my part time help would not see it...
__________________
Ford F150 ex cab
12x6 Trailer
5x8 Trailer
(1) Zero Turn
(2) Husqvarna Packpack Blower
(2) Stihl stick edger
(1) walk behind edger
(5) weedeaters
(3) handheld blower
(4) walk behind mowers
(1) attachable aerator
(2) 22" Husqvarna hedge trimmer
(1) college degree
Reply With Quote
  #9  
Old 08-14-2012, 07:48 PM
cutman2000's Avatar
cutman2000 cutman2000 is offline
LawnSite Member
 
Join Date: Jun 2011
Posts: 185
Quote:
Originally Posted by krzys555 View Post
bank of america is great. i do use them for payroll and credit card acceptance.
for credit cards they charge 1.99% with authorize.net gateway. they have no monthly charges, or monthly minimums.

workman's comp will not exceed payroll at least for full time people. not sure about part time people.
i would hop around for the best rates.
I use PayPal for credit card payers.
__________________
Ford F150 ex cab
12x6 Trailer
5x8 Trailer
(1) Zero Turn
(2) Husqvarna Packpack Blower
(2) Stihl stick edger
(1) walk behind edger
(5) weedeaters
(3) handheld blower
(4) walk behind mowers
(1) attachable aerator
(2) 22" Husqvarna hedge trimmer
(1) college degree
Reply With Quote
  #10  
Old 08-14-2012, 08:44 PM
cutman2000's Avatar
cutman2000 cutman2000 is offline
LawnSite Member
 
Join Date: Jun 2011
Posts: 185
Will doing all of this(workmans comp,payroll legally-rather than under the table) correctly help or hurt me with my income tax return?
__________________
Ford F150 ex cab
12x6 Trailer
5x8 Trailer
(1) Zero Turn
(2) Husqvarna Packpack Blower
(2) Stihl stick edger
(1) walk behind edger
(5) weedeaters
(3) handheld blower
(4) walk behind mowers
(1) attachable aerator
(2) 22" Husqvarna hedge trimmer
(1) college degree
Reply With Quote
Reply

Tags
employees , hiring , part time jobs , workmen's compensation

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 09:30 PM.

Page generated in 0.07508 seconds with 9 queries