Irrespective of where in the world it's done, payroll is the process and system by which a company pays its employees, pay period in and pay period out. It involves keeping employee financial records, calculating their paycheck taking wages, taxes, tax credits, allowances, and benefits-in-kind into consideration, and issuing those paychecks. Regardless of where the company or its employees are based, every employee must receive the accurate pay (and payslip) with all withholdings and deductions submitted to the local tax authorities. Here is what you need to understand about international payroll
In our last post, we covered one of Remote Work's tricky "Gotcha Moments": having remote workers as independent contractors instead of employees can cause many problems. The fact that many distributed companies still do it doesn't make it right. The repercussions of doing so can be grave and damaging in financial, reputational, strategic and ethical ways.
It is about ten minutes into my conversation with Laurel Farrer, CEO of Distribute Consulting and founder of the Remote Work Association, that I realise working from the wrong setup at home may be seen as a form of non-compliance. I am sitting on the couch, instead of an ergonomic chair and desk, I have … Continue reading How to be a Compliant Remote Company in 2020: A 10-step Guide