CASH or CHECK???

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

  1. Dingojoe

    Dingojoe LawnSite Member
    Messages: 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
    Messages: 2,434

    do you take out taxes and everything?
     
  3. Dingojoe

    Dingojoe LawnSite Member
    Messages: 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
    Messages: 5,220

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

    Dingojoe LawnSite Member
    Messages: 28

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

    mgugliotti Inactive
    Messages: 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
    Messages: 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
    Messages: 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
    Messages: 2,004

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

    mngrassguy LawnSite Silver Member
    Messages: 2,167

    Yup, $600.00. I stand corrected.
     

Share This Page