The Department of Labor (DOL) looks at independent contractor-vs.-employee status as in relation to the primary wage and hour law, the Fair Labor Standards Act. The DOL says that if an "employment relationship" is present between the worker and the employer, the worker is covered under the...
An international bank transfer, also known as SWIFT, is one of the most common methods to pay international contractors. This is a wire payment that goes from your bank to the contractor’s bank through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. A wire trans...
Understand the Difference Between An Employee and a Contractor If you’re a U.S.-based business and the IRS determines your independent contractor is actually an employee, you may be liable. A lot of startups and independent business owners don’t know the legal differences between employees a...
If an employee doesn’t choose a preferred fund, as an employer, you may need to request their stapled fund details from the ATO. To make sure you can pay super to all employees, your business should nominate what’s called a ‘default fund’ which you can use if the employee doesn’t...
The Internal Revenue Service looks at several factors to determine status as an employee or contractor. Key considerations include how much control the employer exercises over where, when and how you work, whether you work at the employer's place of business and who supplies equipment and material...
The Internal Revenue Service looks at several factors to determine status as an employee or contractor. Key considerations include how much control the employer exercises over where, when and how you work, whether you work at the employer's place of business and who supplies equipment and material...
Get your team in sync with our easy-to-use, all-in-one employee app. Get started for free with Homebase The Best Payroll Software for Contractors Whether you run a coffee shop or an accounting firm, your contractor payroll software should meet your unique needs. We created ...
Employees of foreign governments are generally exempt from paying Social Security taxes on income paid to them as a result of their official responsibilities. As long as the foreign government employee is working in an official capacity on official business related to his employment, he does...
A Flexible Spending Account is a pre-taxed payroll deduction by an employer to fund an account for employee expenses such as insurance copays or over-the-counter medication. There are two types of FSAs: Medical FSA: A medical FSA allows employees to set aside pre-tax dollars to pay for qu...
That task or gig can be almost anything: from a one-off data entry project to a $100,000 corporate website redesign. The important distinction between gig economy jobs and temp jobs is that you’re always afreelancerand never an employee. ...