A budget is both a target and a tool. Let us explain. Your budget is target in that it is a plan of action for achieving desired results by estimating income and expenses for some period of time, usually your fiscal year.
As a business owner, you must love what you do. You enjoy providing solutions to your clients and customers with excellent products and services that make a difference for them.
You may know the people who work for you personally, but do you really know their employment classification? Labor laws specifically define who is an Employee and who is considered an Independent Contractor. If you don’t understand the classifications or are unsure about the status of your workforce, it can result in costly fines and penalties for your business.