CASH or CHECK???

Discussion in 'Business Operations' started by Dingojoe, May 9, 2008.

  1. Dingojoe

    Dingojoe LawnSite Member
    Posts: 28

    All right fellas do you pay your part time help cash or check??? Heres the deal I've got a part time guy working maybe 10 hours a week and I pay him $10 an hour...give it to me straight...what are the benefits of either??:usflag:;)
     
  2. lawnwizards

    lawnwizards LawnSite Silver Member
    Posts: 2,434

    do you take out taxes and everything?
     
  3. Dingojoe

    Dingojoe LawnSite Member
    Posts: 28

    No I haven't taken taxes out...should I? I'm really new at this and my accountant hasn't gotten back to me...I just hired this guy for $10 an hour..
     
  4. bohiaa

    bohiaa LawnSite Fanatic
    Posts: 5,220

    just pay him cash and everyone's happy
     
  5. Dingojoe

    Dingojoe LawnSite Member
    Posts: 28

    That is the answer I was looking for!!! Thanks!!:drinkup:
     
  6. mgugliotti

    mgugliotti Inactive
    Posts: 58

    Cash is King! pay him cash and you both can save on taxes, one of the only advantages of being self employed. However, the only thing I would caution you about is the workers comp. issue... he really should be covered, if he ever hurt him self he could take you for everything you are worth and then some, and to be honest rightfully so if it is a life altering injury... protect yourself and him.
    mg
    www.solidcontract.com
     
  7. dougaustreim

    dougaustreim LawnSite Senior Member
    Posts: 488

    When you pay cash, not everyone is happy. The taxing authoriyies will not be happy at all. Pay legally or forget it.
     
  8. mngrassguy

    mngrassguy LawnSite Silver Member
    Posts: 2,167

    I think the limit for cash is $800.00/year in most states. Anything over that is illegal.
     
  9. Brianslawn

    Brianslawn LawnSite Silver Member
    Posts: 2,004

    its been $600 as long as i can remember.
     
  10. mngrassguy

    mngrassguy LawnSite Silver Member
    Posts: 2,167

    Yup, $600.00. I stand corrected.
     

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