Employee vs Contractor - What's the Difference and Which is Better to Hire?

In this video we explain the difference between hiring an employee vs hiring a contractor. We also dive into the benefits of each and explain which option is better.

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CONTENTS OF THIS VIDEO

00:00 - Intro
00:46 - Employee vs Contractor - What's the Difference?
01:33 - Did You Hire an Employee or a Contractor?
02:21 - Employee or Contractor - Factors to Consider
02:59 - Factors to Consider - Intention
03:47 - Factors to Consider - Control
05:58 - Factors to Consider - Tools and Equipment
06:51 - Factors to Consider - Subcontracting Work
07:19 - Factors to Consider - Financial Risk and Reward
08:05 - Factors to Consider - Investment
08:39 - Employee or Contractor - The Final Decision
10:17 - Employee vs Contractor - Regulatory Differences
12:00 - Employee vs Contractor - Which is Better to Hire?
12:32 - Benefits of Hiring a Contractor
13:22 - Benefits of Hiring an Employee
14:10 - Summary of Which is Better
14:23 - Final Thoughts

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MENTIONED IN THIS VIDEO

► Employee vs Contractor Blog Post
https://www.avalonaccounting.ca/blog/...

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AVALON ACCOUNTING

Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

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FAQs

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