I know it’s not a super big deal since I only started my business 2 years ago, and I only have 2 employees (1 of them being me lol.) But I pay us both $25 an hour now!
When I first started my business I was struggling because of the pandemic but I was able to pay myself $20hr, then when business ramped up I budgeted in another hire, I figured I would be able pay them $16hr to start.. but after taking on a few bigger jobs and being in such high demand now, January 1st I decided to charge more, and because of that I’m able to pay us BOTH $25hr! Its been going great! We’re both happy and we honestly work harder! We work 4 days (10 hours) where we get Friday, sat, and Sunday off. And we have plenty of work I lined up for the next 6-8 months!
Edit: also if anyone has any tips on how to save on taxes, how to incorporate affordable health coverage, or anything else that would help!