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Profitable Painter Podcast

Navigating the Brush Strokes: Employee Vs. Contractor Models in Professional Painting

June 02, 20231 min read

June 2, 2023

Season 1, Episode 3

Description:

This podcast episode delves into the intricacies of employee models vs. subcontractor models within professional painting businesses. Daniel and Richard scrutinize the advantages and disadvantages of both employment models, underlining the necessity for business owners to properly classify their workers in compliance with IRS rules. Discussions revolve around IRS Common Law Rules for contractors that include behavioral, financial, and relationship aspects. Furthermore, the episode offers insight into potential legal ramifications if a contractor is incorrectly classified as an employee and vice versa, including the possible collection of payroll taxes and demands for social security or medicare taxes. The episode also shares stories from long-time painters and ponders over whether the best painters work for themselves or for others. 

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Daniel Honan

Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.

Back to Blog
Profitable Painter Podcast

Navigating the Brush Strokes: Employee Vs. Contractor Models in Professional Painting

June 02, 20231 min read

June 2, 2023

Season 1, Episode 3

Description:

This podcast episode delves into the intricacies of employee models vs. subcontractor models within professional painting businesses. Daniel and Richard scrutinize the advantages and disadvantages of both employment models, underlining the necessity for business owners to properly classify their workers in compliance with IRS rules. Discussions revolve around IRS Common Law Rules for contractors that include behavioral, financial, and relationship aspects. Furthermore, the episode offers insight into potential legal ramifications if a contractor is incorrectly classified as an employee and vice versa, including the possible collection of payroll taxes and demands for social security or medicare taxes. The episode also shares stories from long-time painters and ponders over whether the best painters work for themselves or for others. 

Subscribe to the Profitable Painter Podcast

blog author image

Daniel Honan

Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.

Back to Blog

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