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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3
votes
1answer
100 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, ...
6
votes
2answers
223 views

There have been many studies on the differences in earning-power between men and women. Have similar studies been done for race, religion or sexual orientation?

I'm curious to know if there are similar biases in the workplace - if anyone's dared to document it.
2
votes
1answer
6k 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 ...
1
vote
0answers
203 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
1k 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 ...
19
votes
2answers
3k 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
114 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
217 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?
5
votes
1answer
1k 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 ...
2
votes
2answers
299 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 ...
0
votes
1answer
64 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
138 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 traditional ...
-1
votes
1answer
72 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
23k 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
292 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 ...
7
votes
2answers
1k 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 ...
2
votes
2answers
4k 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 ...
17
votes
3answers
3k 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 ...
12
votes
9answers
864 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 ...
5
votes
3answers
3k views

I'm about to be offered equity by my employer. What should I expect?

I'm not expecting to potentially be screwed over in any way (this is being given to me alongside a raise and a promotion so it's more of a cherry on top.) I was told in passing that I'll be vested at ...
1
vote
2answers
282 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 ...
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 ...
7
votes
1answer
694 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
522 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 ...
11
votes
3answers
2k views

How important is disability insurance, e.g. long-term, LTD? Employer offers none

How important is it to have disability insurance? My employer does not provide it. I work in the web development business.
3
votes
1answer
2k views

Can a recruiting agency demand information to file an I-9 before I have a job?

I was contacted by a recruitment agency over the phone and we decided to meet in person before they search for a job for me. They sent me an email asking me to bring a driver's license or US Passport ...
10
votes
2answers
414 views

When changing jobs, how can you protect yourself?

Say you have a job, its pretty stable but you want to move on up, so you apply for another one. You do well at the interview, and are offered the job, so you hand your notice in. In the last week of ...
5
votes
6answers
2k views

Changing jobs as a strategy to build a good income?

In most professions, it seems that when you change jobs, you are eligible for a pay hike (at least up to a certain ceiling amount). My questions are: Is this a viable long term strategy to become ...
15
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11answers
13k views
4
votes
1answer
210 views

Biweekly Paycheck

Is it legal to get paid for the previous two weeks all the time. For example for your paycheck for may 15 will be for April 15 thru the April 30?
2
votes
2answers
2k views

On Canadian Employment Insurance (EI) do you have to wait 2 weeks for benefits due to a surgery?

I have to go on Employment Insurance (EI) because I am having surgery and was wondering if I still have to wait the 2 week waiting period they make you wait until you can receive benefits or do they ...
6
votes
3answers
253 views

What economic growth rate is required to halve U.S. unemployment?

I've just completed a consulting project in South Africa looking at various economic inputs required to reduce their 25-35% level of unemployment. It is estimated that for every 1% of new jobs ...
18
votes
3answers
782 views

Quit my job: What can/should I do with funds in previous employer's 401(k) plan?

I recently changed jobs, and my previous employer offered a 401k. I know I can roll that money into an IRA. Before I do anything, I would like to understand what options I have, and which option is ...
5
votes
3answers
871 views

What questions to ask a prospective employer when receiving a job offer?

What questions to ask a prospective employer when receiving a job offer?
4
votes
1answer
2k views

Can my employer increase my hours without increasing my salary?

Can my employer increase my hours without increasing my salary?
6
votes
1answer
390 views

Can I deduct equipment that I'm required to purchase by my employer?

If my employer requires that I own a laptop and other computer equipment, but does not provide them, am I able to deduct the expense of purchasing the equipment? I know that I definitely would deduct ...
5
votes
1answer
115 views

How to Transition From Employee to Employer?

I know Making the transition from employee to employer requires financial stability, a good business plan, self-confidence and a lot of discipline. But i am looking for some instructions/tips from ...
14
votes
4answers
3k views

Offered a job: Should I go as consultant / independent contractor, or employee?

Two partners started a business, and it's grown pretty big (comparatively). Now they've asked me to be the CTO, and I've determined it's a good position for me to take. I'll be getting 90% of my ...
6
votes
4answers
665 views

Is it legal to hire people to generate traffic on a website?

Why do websites need to do that? It's all written in the title. Thanks in advance for any information on this.
13
votes
5answers
9k views

I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it?

I'm sure there are tax implications, and other things to consider. I don't know where to start.
11
votes
2answers
348 views

Do there exist legitimate Work-from-Home job opportunities? Is there a website that lists them?

I'd like the ability to supplement my income when I need to, and a job that I can do remotely from home is ideal. Surely in this era of "going green" and "reducing our carbon footprint" there exist ...
8
votes
2answers
3k views

What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee?

What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee? Note: I am, in fact, a self-employed independent consultant, and I often ...

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