 Hey, what's up coach welcome back to my channel now in today's video. I'm going to teach you how to properly pay Contractors that work for you now a contractor is someone that could be an assistant coach. This could be Someone that is a consultant. They could be building your website whatever it is. It doesn't matter All right, and this is a big problem that a lot of coaches ask me about they'll tell me well You know, I have these three assistant coaches. I don't know how to pay them What's the best way of me doing it and 99% of coaches that ever asked me this question? They are always in the mode of paying cash under the table, which is illegal All right, you shouldn't do that or they do Venmo, which I am very against because it's gonna be very difficult at the end of the Year for you as a business owner to write off that expense, right? So this is why you need to legally have your business set up the right way Otherwise, you're gonna be paying way more in taxes than you need to be right and I have a very simple rule to follow All right, if you have someone who's working for you, you have them on a 1099 All right, if you don't know what that is go Google it go figure it out All right, get them on a 1099 and pay them online so you can track every cent All right, and then at the end of the year or quarterly you can write those things off So for example, if you run a camp that makes $100 right and you pay A contractor who would be an assistant coach $20 to be there if you pay them 20 bucks cash Right, you're still paying taxes on $100 right You should be paying taxes on $80 because 20 of those dollars you just gave To the assistant coach so they should be responsible for paying taxes on their end And the only way to do that is if you really legitimize what you do All right, that's all I had to say about this video. There's too many people that do cash under the table or venmo That stuff doesn't work if you're a real business and if you clean that up You will ultimately make way more money All right, if you have that if you have your systems in place if those things are dialed in Um, it's very easy to do if you do it the right way And you know what I've talked to too many coaches over the past month who've done it the wrong way And they owe way more money and taxes than they need to be paying. So if you do this the right way All right, you save money, um on taxes and I think you'll thank me later So that's it for this video. Hope this helps and uh, do things the right way