Questions tagged [employment]
to be used for any presonal finance question related to employment. Related tags are "Self-employment, unemployment, employment-law
169
questions
2
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0
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14
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Do I need to merge EPF amount of different companies?
I'm from India. Everyone is saying that there should be only one EPF account, what does that mean? I have a single UAN number and since starting my professional career I have changed 2 employers and ...
- 121
1
vote
2
answers
96
views
How to value benefits and pension?
I recently started a job with several benefits including health and dental. It also has a pension. For various reasons I do not think I will be staying at this job very long. One reason is the base ...
- 53
0
votes
3
answers
154
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Shorting a company's stock after leaving
If a person just generally thinks a company is poorly run and decides to quit, would shorting the stock count as trading on non-public material information? If it's not based on any specific piece of ...
- 9
1
vote
1
answer
133
views
After 4 yrs, new money shows up in closed 401K account
I separated from a company on 12/30/2015. Feb 2016 I paid $60 distribution fee to rollover the entire 401K balance to an IRA. Fast forward 4 yrs, in March of 2020 I get an email "your statement ...
-5
votes
2
answers
268
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Is it becoming normal for young people to spend most of their income on rides and meals out? [closed]
Is it becoming normal for part-time and hourly employed people in their 20s (not college students) to spend most of their income on rides and meals out? If someone works 8 hours, spends 2 of those ...
user82816
-4
votes
1
answer
84
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What's new in the IRC Sec. 423 that caused that for many employers the benefit to employees is not worth the cost of managing the plan?
I read these comments:
littleadv 3 hours ago: Do people still have ESPPs? Became a rather useless instrument, at least in the US .
OP 3 hours ago Yes. Why useless?
littleadv 2 hours ago: Because of ...
- 11.2k
1
vote
0
answers
79
views
In which situations can a participant of an Employee Stock Purchase Plan (ESPP) receive an "ESPP refund"?
I believe one reason to receive an ESPP refund is if the ESPP doesn't allow participants to purchase fractional shares and assuming that the ESPP contribution was not a multiple of the stock price. Is ...
- 11.2k
1
vote
1
answer
199
views
Why federal tax seems deducted same amount every paycheck?
I notice that no matter how much pay I receive, my Federal Tax is always deducted the same amount.
On my regular paychecks, around $2000, it is $65 for "Federal Tax". But I received other ...
- 2,649
0
votes
1
answer
159
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Is shareholder of A whose business travel cost reimbursed by company A once and receives no wages from A considered either employee or contractor?
Is a share-holder of company A who is paid for business travel costs by company A but does not receive any wages from company A and spends all their working hours for company B which has no ...
user118302
4
votes
3
answers
917
views
What is the difference between a 401k rollover vs IRA?
I have a Fidelity account for my older company's 401k plan which will expire soon. They told me if I don't do anything, it will convert into an IRA automatically. Alternatively I can make a rollover ...
- 435
2
votes
1
answer
85
views
Going from self employment to being an employee
Is there a way to determine what my take home pay needs to be in order to start working for a company, whether it is hourly or salary?
I am located in NW WA state and have been self employed since ...
- 407
0
votes
1
answer
99
views
Can you require an employer to give you a minimal period contract? [closed]
If you decide to switch job, can you require an employer to guarantee that you will be able to work for them for 1 year at least without being able to get fired after a trial period? I am asking, ...
- 193
1
vote
1
answer
58
views
How is UK statutory redundancy pay affected by a switch to part time?
I know that UK redundancy pay is based on a week's pay for each full year worked, with some adjustment for age which we can ignore. There are also various caps and minimum periods to ignore.
But ...
- 2,445
2
votes
2
answers
254
views
Reduce salary in exchange for higher employer 401k contribution?
Would it be in my interest (assuming my employer agrees) to reduce my salary by x amount in exchange for an increase in employer 401k contribution for x amount?
For example if I make $150,000/yr and ...
- 315
0
votes
1
answer
66
views
US Political Contributions Disclosure Form
I've been told I have to fill out a form for political contributions by my employer (a financial services firm). I googled it, and came up with Form 8872, but that looks like a form for organizations, ...
- 3
0
votes
2
answers
17k
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What does income inclusive or exclusive of super mean?
In Australia when a job add says the income is inclusive or exclusive of super what does that mean?
e.g. What is the difference between a job that says 55K inclusive of super vs 55K exclusive of ...
- 155
3
votes
1
answer
375
views
I am on H1B and My Ex-employer is sending me letters about money I OWE them
My employer is asking me to pay owed money back, which is around 25,000$. I was working for them for about 3 years on H1B visa. as per salary commission structure, I did not make enough money to ...
- 31
1
vote
1
answer
92
views
Lost my job, is it better to apply for EI or CRB?
I was recently terminated without cause. Is it better to apply for EI, CRB or something else? The work I had been doing before COVID still hasn't returned yet. I had been working in retail for the ...
- 79
4
votes
1
answer
176
views
Changing "Tax Deduction at Source" to "Zero" - How to request your employer not to hold your taxes?
In Canada/Ontario, in both cases of permanent and contract employment, is it possible that I request my employer that they pay me my full before-tax salary and I pay the tax at the end of the year ...
- 143
1
vote
1
answer
2k
views
Filling out HMRC starter checklist while being self-employed
I'm self employed and starting a full time job soon. When I'm filling out the HMRC starter checklist, do I select option A, B, or C, considering I'll be continuing some of my freelance work?
*A – This ...
- 11
0
votes
1
answer
236
views
Employment Insurance (EI): Total Insurable Earnings vs Weeks of Entitlement
If one's Regular Weeks Entitlement for the EI is 50 weeks, but the Total Insurable Earnings amount is about $15,000 then does this mean that the EI payments would stop once the $15,000 has been paid ...
- 227
12
votes
2
answers
1k
views
How do I know if I am a Highly Compensated Employee?
Does my employer inform me whether or not I am a highly compensated employee? If not, how do I find out, other than getting money refunded at the end of year if my company was over their 401k HCE ...
- 251
8
votes
2
answers
287
views
*Remote* internship for a UK company as a Spanish resident — they want me to go to the UK?
Background
My permanent residence is in (mainland) Spain
I'm studying at a university in the UK (specifically, Scotland)
At the start of this academic year (September 2020), I moved to the UK for ...
- 255
0
votes
3
answers
1k
views
My company is being acquired, pay?
Recently, I was informed by my employer, our start up company is being acquired by a larger firm.
I have been asked to exercise my shares, which I have.
The only question I have is regarding pay ...
- 1
1
vote
0
answers
40
views
how does the taxation works if contract is from Spain and you are working in Germany
I am a resident in Germany and will have a contract from Spain. My work location will still be in Germany. Which country should I pay my taxes? How can this be arranged by payroll?
- 11
22
votes
6
answers
6k
views
Is it legal for a minor to be hired by a college to take notes for students with accessibility difficulties?
I'm enrolled in a local community college as a dual-credit student (basically that means I can complete high school courses in college to get a college degree and high school diploma simultaneously), ...
- 323
2
votes
0
answers
94
views
What will I lose if US employer switches me to working for a foreign company?
I'm a dual citizen having grown up in the US, but working and residing outside of US for 20 years. I have worked for my US-based employer for 10 years during which time I've been paid in the US with ...
- 21
-3
votes
2
answers
2k
views
How do I get a seat on the board of directors?
I am currently unemployed, but I own a few shares of a public company. Could I use my shares to get a seat on the board of directors?
I don't mind sitting in board meetings. This will give me a real ...
- 11
3
votes
2
answers
8k
views
If you change to a new employer, does dental lifetime maximum reset?
Suppose that you have a lifetime maximum with Provider A at Employer A. You use your $1500 lifetime maximum for major work.
Then you get a new job. Then you want to do more major work. You get an ...
- 217
3
votes
4
answers
1k
views
401(k) opt out Company matched funds allocated
Based on the current volatile climate unfavorably forecasting the future of brick and mortar retail stores facing continued lost revenue, the unprecedented growth of eCommerce, and to further damper ...
- 39
0
votes
1
answer
55
views
liquidation preference and other loop holes when joining startups who offer equity
There are lots of startups that want to provide equity in exchange for labor rather than a salary or a combination of both. Reading online it seems there are a ton of loopholes where I may not get ...
- 195
1
vote
2
answers
571
views
Equivalence yearly salary (perm) and daily PAYE (contract) in UK
I have a permanent role in UK that pays £130,000 base salary plus a car allowance of about £6,900. I also receive a bonus (£20,000 per year). Finally my company contributes 10% to my pension plan,I ...
- 21
1
vote
1
answer
114
views
If an employee works from outside California but is declared by the company as working in CA, from how many days outside CA does it become an issue?
US companies need to know the location of their employees for tax and benefit purposes, while some US and non-US companies manage to allow some of/all their employees to work remotely. Assume that the ...
- 11.2k
30
votes
2
answers
9k
views
Is being asked to pay for business supplies via Bitcoin an employment scam?
I applied online for a job, but my profile does not involve my qualifications, only my age and my name.
The next day an email was sent to me by a company based in Florida. I was hesitant at first to ...
- 401
16
votes
2
answers
4k
views
How do some companies allow some of/all their employees to work remotely from a tax standpoint?
I sometimes see job offers that allow employees to work remotely anywhere in the world. However, reading answers on Why does a US company need to know the location of their employees for tax purposes?,...
- 11.2k
26
votes
3
answers
8k
views
Why does a US company need to know the location of their employees for tax purposes?
I read in the news (mirror):
[Facebook] would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadline for ...
- 11.2k
0
votes
1
answer
72
views
Holiday deductions on leaving job
Background
I'm based in the UK and I am working my final week before I start my new job in a different organisation. I am in deficit of 14 days holiday and I've just received my final payslip.
I ...
- 3
0
votes
1
answer
6k
views
Where to put name suffix on I-9 Form or any form which doesn't have a specific box for it
Where would I put a name suffix on an I9 form or any form that doesn't have a specific box for a name suffix? On this form I only see fields for Last Name, First Name, Middle Initial and Other Last ...
- 1,715
1
vote
0
answers
52
views
Can I legally work online for a Canadian company, as a Canadian citizen living in the US?
I am a Canadian citizen living in the United States. I do not have a visa to work here, I am here on an H4 visa, which is the spouse visa for my husband's H4 work visa. I would like to be able to ...
- 11
3
votes
1
answer
507
views
Is this Employer trying to scam me
I have just interviewed with a company on indeed. The website looked very legit. I emailed the employer and he eventually scheduled me for an interview. The red flags I noticed were:
He never got ...
- 31
0
votes
5
answers
526
views
When and how would a company make money by taking $1 out of my paycheck and donating it to charity?
In the US as I understand it, there are corporate tax deductions for charitable giving.
For this or any other reason, would a company with large salary expenditures and positive profits (sometimes) ...
- 213
7
votes
8
answers
1k
views
Why is it ever a good idea to found a company?
I have a side project with a few friends that's gradually getting more serious. We're nearly at the stage where we'll be taking some early clients, which is really exciting after about a year of ...
- 83
3
votes
1
answer
375
views
How to answer "Are you permanent employee?" when applying for mortgage as an apprentice
I've been looking into getting a mortgage with my partner recently. We had a conversation with the bank yesterday asking all the standard questions (How much do you earn?, Monthly outgoing, etc..). ...
- 31
0
votes
1
answer
335
views
HMRC Starter Checklist - Employee Statement
I am going on placement next year and I have to fill out the HRMC Starter checklist form. I worked part time (only two shifts) and the pay I received was not taxed. Does that mean I select statement A ...
- 1
2
votes
1
answer
203
views
Company cash going through my personal bank account
I work for a franchise, our clinic is located in one state and our administrative offices in another. I am required to do the accounting for our office. I have a credit card machine which processes ...
- 21
3
votes
1
answer
151
views
HSA over-contribution if I lose my job part way through the year
My employer provides my health insurance as part of my compensation and benefits package. It is a qualifying HDHP and as such every year I generally max out my HSA, either through payroll deductions ...
- 1,886
57
votes
5
answers
17k
views
How can I sell my shares in a privately-owned company I used to be employed by?
Basically, I was a software developer at a company and I was issued some stock options early on, before the company grew significantly. The company then hired a CEO who pledged to take the company ...
- 621
1
vote
0
answers
125
views
where to fill tax deduction for legal fee related to "related to doing or keeping your job" in form 529?
I filed for extension in april because i didn't have this information but need to file by Oct 15th.
I paid around 750 dollars last year to consult lawyers regarding a threatening letter from a former ...
- 171
2
votes
3
answers
5k
views
Does Dependent Care FSA limit reset if I change jobs?
Let's say I have contributed and used $5,000 in 2018 for my dependent care FSA. Late in the year, I get a new job. Can I contribute to the new account for 2018?
According to Zenefit, the healthcare ...
- 119
3
votes
1
answer
62
views
How are Canada Pension Plan payroll deductions paid by both employee and the company?
I am thinking on moving to Canada but I want to calculate what my salary would be after taxes. I am using the tax calculator at https://simpletax.ca/calculator but there's still one thing I can't wrap ...
user88269