Questions tagged [employment]

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

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Working while collecting Social Security: How do they correct overage?

I expect to get Social Security benefits starting soon, but I plan to keep working. I know that if I make more than a certain threshold, SSA will deduct a certain amount from my monthly benefits. ...
Shawn V. Wilson's user avatar
1 vote
0 answers
49 views

How to tell what the net amount in a payment from an employer should be?

I had parted ways from a former employer. I had worked full time and my pay rate was always the same. There were some complicating factors and the timing and amount of the last few payments were ...
StumpTheCheff2's user avatar
0 votes
0 answers
183 views

Can a 13 year old in the uk hire an employee?

I have a 13 year old child who would like to start a company as a sole trader, can he employ someone as his business idea involves having an employee.
Jhusky's user avatar
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2 votes
0 answers
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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 ...
Shiva's user avatar
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1 vote
3 answers
156 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 ...
BenderPiece's user avatar
2 votes
3 answers
447 views

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 ...
Abe's user avatar
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1 vote
1 answer
197 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 ...
Bob Duncanson's user avatar
-5 votes
2 answers
285 views

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 ...
user avatar
-4 votes
1 answer
85 views

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 ...
Franck Dernoncourt's user avatar
1 vote
0 answers
102 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 ...
Franck Dernoncourt's user avatar
1 vote
1 answer
498 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 ...
Village's user avatar
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1 answer
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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 ...
user avatar
4 votes
3 answers
926 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 ...
Tina J's user avatar
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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 ...
Jack's user avatar
  • 407
0 votes
1 answer
101 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, ...
Sayaman's user avatar
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1 answer
166 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 ...
Chris H's user avatar
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2 votes
2 answers
502 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 ...
pixelearth's user avatar
0 votes
1 answer
67 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, ...
George's user avatar
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0 votes
2 answers
23k views

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 ...
user1605665's user avatar
3 votes
1 answer
683 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 ...
neek's user avatar
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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 ...
user39743's user avatar
4 votes
1 answer
198 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 ...
Amin Ba's user avatar
  • 143
1 vote
1 answer
3k 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 ...
cyra's user avatar
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0 votes
1 answer
419 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 ...
sequence's user avatar
  • 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 ...
Dan A.'s user avatar
  • 251
8 votes
2 answers
315 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 ...
Anakhand's user avatar
  • 255
0 votes
3 answers
2k 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 ...
H44k's user avatar
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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?
Stute's user avatar
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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), ...
sun234's user avatar
  • 323
2 votes
0 answers
95 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 ...
Lynne's user avatar
  • 21
-3 votes
2 answers
3k 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 ...
kingrulezzz's user avatar
3 votes
2 answers
13k 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 ...
finance's user avatar
  • 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 ...
Mark Carter's user avatar
0 votes
1 answer
59 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 ...
Jackson's user avatar
  • 195
1 vote
2 answers
677 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 ...
Diuoo's user avatar
  • 21
1 vote
1 answer
125 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 ...
Franck Dernoncourt's user avatar
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 ...
clefnote's user avatar
  • 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?,...
Franck Dernoncourt's user avatar
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 ...
Franck Dernoncourt's user avatar
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 ...
GlowIn's user avatar
  • 3
0 votes
1 answer
7k 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 ...
Rich's user avatar
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1 vote
0 answers
53 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 ...
Shanny's user avatar
  • 11
3 votes
1 answer
631 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 ...
user94862's user avatar
0 votes
5 answers
528 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) ...
capet's user avatar
  • 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 ...
Anthony's user avatar
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3 votes
1 answer
462 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..). ...
Jack's user avatar
  • 31
0 votes
1 answer
375 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 ...
0.0----'s user avatar
2 votes
1 answer
212 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 ...
TUP's user avatar
  • 21
3 votes
1 answer
260 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 ...
Vality's user avatar
  • 1,886
58 votes
5 answers
18k 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 ...
user2302909's user avatar