8. Contractors or Employees: Which is Best For Your Practice?
Episode description
When you have more referrals than you can cope with, you might decide that it’s time to expand your practice. But how do you decide whether to take on an employee or a contractor?
Throughout my time as a practice owner, I have had both, so in this episode I’m sharing with you the difference between them so that you can work out which one is best for your practice.
In this episode, I’ll chat about:
- The fear I had about not being able to pay an employee
- Whether having a contractor is easier than an employee
- Which is more cost effective (one has a 20% higher return!)
- What to do about supervision
- How to handle superannuation for contractors
- Paying wages and taxes for employees
View the difference between employees and contractors according to the Australian Tax Office here.
This episode is sponsored by Moonraker AI.
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