Almost every link in the article is a referral or affiliate link.
It was like reading an advertisement
That's exactly what this is.
How to Pay Remote Employees
41–50 of 82 posts
Re: How to Pay Remote Employees
#42Almost every link in the article is a referral or affiliate link.
It was like reading an advertisement
It was an advertisement!
It fact, it as an advertisement without a disclosure of financial incentives; which is in clear violation of FTC regulations.
https://www.ftc.gov/tips-advice/business-center/guidance/ftc...
Re: How to Pay Remote Employees
#43I'd recommend Square Payroll[1] for US based 1099 contractor payments. They handle sending the tax forms to the contractor at the end of the year and the ACH transfer. The only bummer is that they don't support recurring, i.e. each month send $X.
Re: How to Pay Remote Employees
#44Article is kind of an ad, but didn't know about Transferwise so glad I read it. Anyone have any comments about Transferwise?
Re: How to Pay Remote Employees
#45Hilariously sad: The Last Day for Shipping to Europe (For Now) Will be May 24, 2018 Why in the world a backpack business would be so worried about GDPR?
Some are responding to the GDPR in a quixotic fashion akin to those who boast about not taking a raise because they "don't want to pay more in taxes" after getting bumped into a higher income bracket.
Re: How to Pay Remote Employees
#46For over five years, I have been offering my remote employees the option of payment, or partial payment, in bitcoin, or in more recent years in whatever other cryptocurrencies they choose. For crypto salary payments, I added about 3%-10% to the amount paid, because processing it was much easier for me, no hassles, no paperwork. It's a one click solution, like Jeff Bezos would say ^_-
I also prefer crypto payout methods for personal sentimental or ideological reasons. Moreover, many of my foreign and US contractors had difficulties with bank payments, severe local corruption, and bank account processing. These problems are usually happening because they are from traditionally unbanked social classes, they are not legally resident in their resident country, or they are in developing nations where good quality banking services are not aligned with their social class. But I would not deny that some could be attempting to avoid paying taxes or other such traditional obligations.
More than half of the international contractors tried cryptocurrency options. Many of them cashed out pretty instantly and I've heard they had no big problems doing it. Several kept their cryptos for years and they have made ridiculous profits now, even enough to retire. But I've also heard that a few timed the markets unfortunately or made bad side investments and lost a lot of the money they earned.
Re: How to Pay Remote Employees
#47Cryptocurrencies are a great way to pay remote employees or contractors with low fees.
Re: How to Pay Remote Employees
#48Isn't it better for your contractors to incorporate an LLC or S-Corp in Delaware and for you to send money to those companies, so that contractors can deal with their own taxes themselves? LLCs would work also for foreign contractors.
Re: How to Pay Remote Employees
#49Outside of the US, everyone is considered a contractor, even if they're a full-time member of the company Wait, so they are not full time employee. For example they can terminate the contract and leave the company as they please
In the U.S. this is how employees work as well -- they can leave a company for any reason at any time. Conversely, employers can dismiss at employee for any reason and at any time as long as it's not illegal.
Are there contracts made so that the relationship between employers and employees is guaranteed/retained over a period of time ?
Re: How to Pay Remote Employees
#50Earlier quoted context omitted.
yeah, you're getting skimmed hard between wire transfer cost and that spread. If you have access to an FX brokerage with reasonable fee, definitely use that. I personally use Interactive Brokers, one free wire transfer per month, and you can get spot price on your exchanges. Only fees I pay are a couple dollars IB charges on exchanges, and twenty dollars or so my bank charges for receiving wire transfers. Only downsi…
"...and twenty dollars or so my bank charges for receiving wire transfers." For business accounts or personal? I received a single wire transfer to a personal account two months ago and didn't pay a fee. Maybe I get one free. Maybe there would have been a fee for a business account. But I'm certain I've never heard, until now, anyone mention fees for receiving wire transfers.
Mine was for personal. The bank payment system has myriads of complicated rules/methods determining how they will charge you on a transfer, where the bank is located, wire vs ACH vs direct deposit vs other clearing mechanisms, international vs domestic, individual bank's progressiveness, your account type, etc.