The hidden costs of hiring {Contractors and Employees}

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Growing your business can be exciting but also scary when you aren't sure if you can really afford the added expenses of another team member. This video is all about identifying the costs you need to consider when bringing on a new team member (whether a contractor or employee).

The hidden costs of hiring are being demystified in this video. Benefits, taxes, and other costs can add up when you bring on additional labor - so planning for these costs and understanding the bottom line can help you be more prepared for the leap.

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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.