to be used for any presonal finance question related to employment. Related tags are "Self-employment, unemployment, employment-law

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0
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1answer
60 views

Working in the US, paid by a foreign company

While studying in the US, I'm going to do some computer based work for a company outside of the US. Will this be considered work in the US?
1
vote
1answer
103 views

How to claim an unemployment benefit?

I'm trying to understand the scenario and answer a question about unemployment benefits. If an employee is in Virginia and his company is in California, from which state will he claim the ...
0
votes
1answer
47 views

Notice period calculation as an employee in the UK [closed]

As an employee I have a notice period of one week. If I hand in my notice on Wednesday, will my last day at work be the next Wednesday? Or the next Tuesday?
1
vote
2answers
103 views

W-4 was not updated when moving from part-time to full-time, still showed Tax-Exempt. What happens now?

Background I began at a Company in Maryland, USA as a part-time employee with an expectation of earning a full refund. Since I also received a full refund the previous year, the company HR/Accounting ...
3
votes
1answer
79 views

Double-entry bookkeeping: How to account for non-monetary taxable benefits received from employer?

I'm trying to keep detailed books for my personal finances. One thing I haven't figured out how to represent is various non-monetary taxable benefits that I get at work. For example, a gift or a meal. ...
3
votes
1answer
150 views

Why do companies award stock as opposed to cash?

Why do some companies award stock as opposed to cash? Specifically, I'm speaking about unrestricted stock awards that can be sold immediately or held indefinitely. This is basically a cash award --- ...
4
votes
2answers
235 views

Can My Employer Charge Me a Fee to Get a Mailed Check Instead of Direct Deposit?

I have preferred to receive paper checks instead of direct deposit, as I find it easier to keep track of. However, my employer has now announced that there will be a (quite large) fee associated with ...
2
votes
0answers
41 views

Freelancer updating blog posts for my business website [closed]

I want to hire freelancer to write blog posts on my business website. In the eyes of the UK Tax rules would I class him a as a employee, if he writes blogs for me on regular basis? Or I can does ...
4
votes
2answers
188 views

Can I make modifications to my health coverage enrollments after 30 days after joining my first company?

I recently took up a job in CA (the hustle-bustle place) after completing my PhD. I was on F1 during my studies and now I am on OPT. At the time of my joining, I was given a 30 day window by my ...
-1
votes
2answers
256 views

Why is tax being paid on my salary multiple times?

I live in USA. I am working for a small company that has around 35 employees, that is owned by one person (my employer). My employer pays taxes on the income generated by the company, pays my salary,...
9
votes
2answers
1k views

When does it make financial sense to take advantage of employer's tuition reimbursement program?

Many companies offer tuition reimbursement programs. On the surface, these programs are such that qualified employees can enroll in undergraduate / advanced degree programs (or even take individual ...
13
votes
5answers
3k views

How to value a bonus when evaluating a job offer?

If I have two job offers, one for £X and one for £Y + n% performance related bonus where the bonus is only paid annually, how should I compare them? The employer making the offer is being simplistic ...
1
vote
0answers
30 views

How can I find out what pension formula a new prospective employer uses before joining the company

I am considering joining as a permanent employee in Canada Pension Plan Investment Board. But I cannot find the pension calculation formula that they use for their retired employees on the careers ...
0
votes
5answers
900 views

Everyone got a raise to them same amount, lost my higher pay than the newer employees [closed]

Long story short, I work in retail as a part-time employee. I have worked there over two years through college which limits my hours to weekends only during Spring/Fall semesters. I have never ...
2
votes
1answer
139 views

Direct deposit downside

After working at a job for four years as a salaried employee, my employer has offered direct deposit. He says he has to hold a weeks pay in arrears to give time to adjust deposits for those who leave ...
2
votes
1answer
656 views

If I register as self employed working freelance in evenings and weekends do I need to inform my full time employer?

I am employed full time and wish to do some freelance work as well, and as I understand it I will need to register to be self employed and fill in a tax return. Yet, would I have to inform my current ...
0
votes
1answer
68 views

Healthcare / FSA: Lost job. Have expenses from earlier an the year that I have not submitted

(Maybe relevant: I'm in Texas.) My position was terminated last week. Yay. I have a little over $12000 in medical expenses for this year, most of which I had not yet gotten around to submitting. (I ...
2
votes
0answers
128 views

Underwriters refusing to use TheWorkNumber

Earlier this year, an underwriting department informed me they are no longer allowed to accept TheWorkNumber for employment verification purposes on any Fannie Mae Freddie Mac loans because of ...
6
votes
1answer
106 views

Can you change auto-enrollment pension provider? And what happens if you change jobs?

I'm trying to figure out if someone who has been auto-enrolled in a company pension scheme can change their pension provider. I opted out of the pension provided by my company because I couldn't ...
1
vote
1answer
52 views

Moving to a state where my employer has no business set up - implications?

I am moving to Colorado, where my company (based in NY and FL) does not have an office. I will still be employed by them, but working from my home in CO. What are the tax implications for the company?...
2
votes
1answer
71 views

403B vesting and giving notice

I have a 403B account that would become fully vested in March. I also have an opportunity to take a new job. If I gave notice before the vestment, but continued working through the vestment date, ...
1
vote
2answers
71 views

Common Stock Options Value

Definitely related to this: Job Offer - Explain Stock Options [US] This is the language of the employment contract: At the outset of your employment you will be provided with an initial grant of ...
1
vote
1answer
1k views

US citizen living and working in US for a Canadian company.

I will be working for a Canadian software company remotely from my home in the US. The company doesn't have a US branch or presence. How will the company pay me without a US division? And will I ...
0
votes
1answer
165 views

Why should I not disclose my salary?

I'm not looking to blurt out or brag about my salary in social media or anything. I'm apparently making an article about how to get a raise and I am planning to disclose the exact raise (not salary) ...
1
vote
0answers
138 views

Claim tax relief on purchase in UK as full time employee

As a full time employee in an I.T. company can I claim tax relief on purchases related to my job? My employer does not provide a laptop so I was considering buying one myself and was wondering if ...
2
votes
2answers
9k views

Employer is making a student loan payment on my behalf. Does this need to be claimed as personal income?

As an incentive to employment my company is making a large lump sum payment towards my student loan debt, lets for this example say $5,000 (the real amount is different). They have inquired about my ...
6
votes
4answers
8k views

Should I get a bank account since I recently got my first job?

I'll be starting work this Friday (yay!) and haven't got the slightest clue about any of this. It'll be washing dishes at a restaurant, and I really don't know anything. Do I set up a bank account ...
2
votes
2answers
215 views

Relocating for first real job out of college?

So a little bit of back story - I am about 6 months out of college, worked through most of it in fast food and retail, and have only been working in a job related to my field (computer science) for ...
5
votes
3answers
623 views

How is my employer affected if I have expensive claims on my group health insurance?

Suppose, for the sake of discussion, that I work at ACME, Corp, a USA company. As part of my compensation, ACME makes me a member of their group health insurance through Aetna, a USA health insurance ...
14
votes
2answers
2k views

As an employee, when is it inappropriate to request to see your young/startup company's financial statements?

If you work for a young company, equity in the form of restricted stock or options is often a form of compensation and a way to keep you aligned with the company's goals. But as a new employee you ...
3
votes
1answer
81 views

Income Tax on Employer Provided Educational Assistance

My employer is helping me pay for my Master's Program in Computer Science. My employer has included the reimbursements (about $2,000) to me for my schooling within my wages on my W-2. Since I ...
3
votes
2answers
179 views

Tax Self Assessment for (UK) Employees

I have a job with a company but rather than paying me through the PAYE system they want me to provide them invoices for my hours and then I am paid directly. I have a couple of questions about this. ...
3
votes
2answers
170 views

Nanny taxes and payroll service

We are employing a nanny for our 6 month old. What service do you recommend for managing taxes and payroll? Is it possible to do on our own? If so, where do we start?
2
votes
2answers
138 views

Pre-Tax Plan Election - Employers Benefit Plan

Looking for advice on whether it makes sense to accept participation in the Pre-Tax Plan where your employer is authorized to reduce your income as necessary to pay your share of the cost of the ...
2
votes
3answers
2k views

Should I invest in the pre-IPO company stock offered by my employer?

Should I invest money in the pre-IPO stocks soon to be offered by the company that I work for? Is it wise to do this? What should I be thinking about? What are the risks? I'm one of the first ...
0
votes
1answer
53 views

Where can I find information about the relationship between the owner of a company and its business administrator?

Through the past years, working as a employee, I have managed to save some money and now I want to buy a company. I chose a restaurant, because I already have experience in this area. However, I do ...
0
votes
1answer
115 views

Employer changed my Roth 401k to a traditional 401k. Can they do that?

My HR lady changed my Roth 401K to the traditional 401K without asking me and told me to correct it on my login with ADP. I don't want the traditional 401K. Can they force me to do the ...
-1
votes
1answer
63 views

Will life insurance be a problem if I go from full time to contract and back to full time?

Currently, I have life insurance through my employer. If I leave the company and become an independent contractor, then after 2 years go back to full time with another employer that also offers ...
14
votes
4answers
15k views

W2 vs 1099 Employee status

I've in the middle of an offer for employment. During negotiations, I've asked for more money due to distance involved (Further by far than I'd normally consider, but the pay raise I'd get is ...
1
vote
2answers
188 views

How to enable my employer to pay for resident taxes/FICA they did not deduct from paycheck

As I mentioned in this question (Can my employer adjust FICA contributions on payroll they have already processed?), my first paycheck (after a sabbatical) in the first two weeks of February did not ...
6
votes
2answers
612 views

How do I handle taxes on a very large “gift” from my employers?

My husband just received a $700,000 "gift" from the partners at the organization he has worked for for over 13.5 years. These particular partners sold their share of the partnership, making an ...
13
votes
3answers
1k views

Why would you not want to rollover a previous employer's 401(k) when changing jobs?

Are there any valid reasons to not rollover a former 401(k) when changing jobs? I have several little ones that I never quite got around to rolling together - with an upcoming job change, should they ...
2
votes
2answers
618 views

Why don't the employment rate and unemployment rate sum up to 1?

According to Turkstat, the Turkish employment rate was 44.9 and the unemployment rate was 10.1 in December 2012. I would expect the unemployment rate to be 1 - employment rate. How are those numbers ...
1
vote
2answers
201 views

Considerations for taking a sizable break from working

The Proposition From time to time, my wife and I consider the "foolish" idea of leaving our jobs (and, likely, careers) and taking a sizable chunk of time off from working, or at least working in the ...
5
votes
1answer
659 views

Paying UK tax when working remote for a US company

I'm currently employed by a US company and I'm working remotely from the UK (I'm a UK resident). In my previous employment tax was deducted automatically from wage however tax isn't being deducted ...
21
votes
7answers
27k views

Can my employer limit my maximum 401k contribution amount (below the IRS limit)?

I contribute about 13% of my income to my company's 401k, which, at my salary, is well below the IRS limit of $17K/year (in 2012). However, with my raise this year, my benefits department told me that ...
12
votes
9answers
714 views

Why is retirement planning so commonly recommended?

I'm just graduating college, and I'm starting to educate myself on economics, finance, and investing, and everything I see is sort of screaming at me "PLAN YOUR RETIREMENT!!" Now, I know this sounds ...
6
votes
2answers
2k views

Non-qualified Savings Plan vs. 401(k) for Highly Compensated Employee

Late last year, I started a higher-paying job than I've ever had. Today I got a letter from my employer's benefits department and Fidelity telling me that I'm expected to pass $115,000 in ...
6
votes
1answer
385 views

Lower withholding based on my calculations. How to get employer to change withheld amount?

My employer will withhold taxes from my paycheck as if I have been working at a particular salary range all year. Basically: pay period = (base salary / 2080 hours) * 80, and taking all taxes as a ...
8
votes
2answers
420 views

Hiring a teenager as a household employee

What am I required to do if I hire a 14-year-old for household work? Any generic information is welcome, but I'm in New York State. Here are some things that come to mind: Do I need to have the ...