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Ask HN: How do you pay your remote team?

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21–30 of 87 posts

Re: Ask HN: How do you pay your remote team?

#21
I'm confused by the question because your processes should be in place to pay your people no matter where they are.

That means you need to have registered as a foreign corporation wherever they are working, filed the W9s, W2s and 1099s so that they pay taxes correctly.

If you don't have a payroll processing company or an accountant (don't use ADP) to make sure you're perfectly covered then you should get one ASAP. There aren't too many faster ways to get shut down than to have a state or federal tax agency come hunting you down.

Re: Ask HN: How do you pay your remote team?

#23

We use cryptocurrencies. Fast. Free. Immutable and provable. This is 2019 guys. Get with the program.

How does your accounting work? Is your accountant also up to date with the 2019 program?

Are there any caveats to this that you didn't mention? Are they all contract 1099? What about healthcare and retirement contributions and considerations?

Re: Ask HN: How do you pay your remote team?

#26
To pay contractors I use Square payroll. Pays out to ACH bank accounts (US only) and handles sending 1099's. $5 per contractor per month.

For full time employees look at using Gusto (https://gusto.com/r/MqwBf/?utm_source=reflink). Note: That's a promo link, we each get $100 Amazon gift card when you sign up and run a payroll.

Re: Ask HN: How do you pay your remote team?

#27
Is this a US only question? Are you mixing up employees/contractors with onsite local? Employees don't invoice you; contractors do.

UK employer here. For payment, I can't think of any way of paying any employees other than via direct bank transfer. I haven't used a cheque (check in the US) for years, and certainly never for paying employees in the last 20 years.

Regular international contractors are paid via Transferwise; irregular contractors are usually paid through PayPal.

Re: Ask HN: How do you pay your remote team?

#28

Employees don't invoice you, you pay them a salary. Contractors invoice you. If your team is contractors (or you're paying them as contractors for tax/liability/whatever reason), they invoice you and, if you're in the US, you should also ask for a tax form (usually a W8 or W9) based on where their tax residency is. There's many apps/services to handle your payroll out there. Gusto comes to mind but I've never used it…

> Gusto comes to mind but I've never used it so I don't know what they're like.

I can't comment on what they are like from the administrative side, but from an employee perspective, I loved Gusto.

Re: Ask HN: How do you pay your remote team?

#29
post #23

We use cryptocurrencies. Fast. Free. Immutable and provable. This is 2019 guys. Get with the program.

How does your accounting work? Is your accountant also up to date with the 2019 program? Are there any caveats to this that you didn't mention? Are they all contract 1099? What about healthcare and retirement contributions and considerations?

I never understand why people bring up accountants or taxes when talking about cryptocurrencies. Seriously, you negotiate with your employer an hourly rate, you get paid that hourly rate and is what you should report.

The way you receive your salary at the end of the day (bank transfer or crypto) is completely decoupled from this. In the same way you don't need to tell the taxman what bank did you use to receive your wage, you don't need to tell what cryptocurrency you used (if you don't convert instantly to fiat when receiving it, that will mean you will have more taxable events later, but this is another subject).

Re: Ask HN: How do you pay your remote team?

#30

We use cryptocurrencies. Fast. Free. Immutable and provable. This is 2019 guys. Get with the program.

Until one of your employees wallets gets compromised and poof no more pay check for that cycle and no FDIC insurance.

If your employees are developers, and they don't comply with basic security precautions, they are not very good developers. Either way, if they get compromised, it's not the employer's problem.
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