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Hiring Internationally Doesn’t Have To Make Payroll Complicated

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If you don’t follow legal requirements, you’ll face steep fines or worse. The rise of remote work has allowed more companies to seek quality employees from more places, but international hiring can quickly make pay day even more complicated. based organizations — but it’s a different story if you want to go international.

Payroll 246
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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

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As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Last year, Colorado enacted the Equal Pay for Equal Work Act — a law that requires employers to include salary ranges on their job postings. .

Salary 246
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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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Another layer of complexity arises from the way their income is earned and reported. Self-employed workers, freelancers, and digital nomads often receive income from various international clients. To calculate their taxable income, freelancers must first tally all their revenues and then subtract their allowable business expenses.

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Unveiling the Hidden Potentials of Remote Work Productivity

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Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. A survey of 3,000 workers at leading companies like Google, Amazon, and Microsoft discovered that 64% would prefer permanent telecommuting over a $30,000 salary increase.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

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According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.” Firstly, it is the simplest and least expensive form of business to set up and maintain. Freelancers may be interested in a sole proprietorship for several reasons. taxation.”

Legal 264
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Experts Predict 2023 Will Be the Year of ‘Quiet Hiring’—Here’s What to Expect

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But it depends on how the company goes about it, and if they are compensated for additional tasks or just expected to do more for the same salary. Economists are predicting a 64% chance that 2023 will manifest a dreaded recession , Bankrate reports. Lim points to companies like Google already using this process, as Inc.

2023 290
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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

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A report by the Center for American Progress indicated that companies in the United States lose an estimated $64 billion annually as a result of having to replace employees who departed because of unfairness and discrimination. .

Payroll 279