From the IRS: My Employer Identification Number
From the Employment Security Department: A letter with the unemployment insurance tax rate I'll be paying for my employees
Yes...it's official....I'm an employer!!
Granted I've been paying a contractor to teach parties for me for a year now so technically I've had some one available on call to assist and take over when needed. But now I have real honest to god people on the payroll and a payroll service to pay them and take out all our taxes and everything.
But it's not what you think. Having instructors teaching my classes does not actually make me more money. Not at all. In fact, I make less money as a result. But what it does do (when their paid training ends in 4 to 10 weeks) is free up a few hours in my week and from there I have the freedom to make a choice. I can either use those free hours to have a social life again and reconnect with my friends and my community, or I can schedule MORE classes or workshops during that time and that's when having employees really would result in an increase in income.
Tough decision, I know. Hopefully I can do a little bit of both.
