Small Business Forum

Go Back   Small Business Forum > SMALL BUSINESS ADVICE > 03 - Accounting & Taxes
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

03 - Accounting & Taxes Accounting Help & Tax Strategies

Thread Tools Display Modes
Old 06-26-2012, 02:03 PM
bpetruzzo bpetruzzo is offline
Junior Member
Join Date: Aug 2008
Posts: 3
Default How to pay contractors as a small business

I run a small photography business. It only employs me. However, I contract out a fair amount of work to a handful of other photographers. Here's the problem:

Checks are expensive
ACH transfers are slow (and expensive)
Wire transfers are slow (and very expensive)
Payroll is overkill (and very expensive)

So how the heck am I supposed to pay these guys without drowning in erroneous banking fees?

I'd like to be able to pay them immediately upon the completion of work, and even if it takes a few days for the money to get to them, it needs to disappear from my business accounts immediately. The makeshift system we're using now works, but always makes headaches at tax time, so I'm trying to smooth those things over and having a hell of a time figuring out the best, most affordable way of doing it.

Anyone have some insight?
Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Forum Jump

All times are GMT -5. The time now is 10:55 AM.

Powered by vBulletin™ Copyright © 2011 vBulletin Solutions, Inc. All rights reserved.