Live data from Hacker News

Ask HN: Folks who work remotely for US companies, how do you handle money?

news.ycombinator.com

11–12 of 12 posts

Re: Ask HN: Folks who work remotely for US companies, how do you handle money?

#11

Post by adsfasdfsad111 » Tue, Feb 20, 2018, 9:40 PM UTC

err4nt wrote: post #2

I am a Canadian Citizen who owns my own business (registered as a Sole Proprietorship) and I do contract work and consulting for US clients sometimes. I am living outside the US as well so thankfully I don't have US tax, the biggest difference for me is that I don't need to charge US clients sales tax where I live, but for local clients I do need to collect an additional tax and pass that on to the government.

Do you need to register as a Sole proprietorship?

Re: Ask HN: Folks who work remotely for US companies, how do you handle money?

#12

Post by desaiguddu » Thu, Feb 22, 2018, 7:42 AM UTC

We are a registered company in India.

We work as a Freelancer or Contractor with USA based companies.

We do not need to file any US Taxes or do not require a W8-BEN form.

When we work with India based clients we need to charge them GST or Local Taxes.

We receive Client payments in terms of Remittance & need to declare payment is against the Software Services extended to an organisation or individual outside India.

Our taxation is handled by Charter Accountants.

Post reply on HN