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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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4
votes
2answers
2k 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 ...
4
votes
1answer
2k views

Tax implications of being a UK employee of a US company?

I'm a UK resident entering into employment with a US company. They're not currently registered for PAYE in the UK, nor do they yet have a UK entity, and they would like to pay my salary directly from ...
4
votes
2answers
243 views

How do I estimate the value of employer-provided job benefits, for comparing compensation?

I'm trying to put a number on the benefits (health insurance, dental insurance, 401k match, etc). that my job provides. I'm looking at a career move and would like a total compensation number for ...
4
votes
1answer
673 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. ...
4
votes
2answers
185 views

Is a “primary residence” the place where you live most of the time?

Suppose Susan works in NYC and rents out a small apartment there. She wants to buy a large house out in Pennsylvania. In order to get the best mortgage and tax rate she needs to claim her Pennsylvania ...
3
votes
2answers
110 views

HSA - do I have to contribute to my account?

I am on my employer provided HDHP with an HSA and have been for 4 years. I have only contributed to my HSA account for a few months last year. I never go to doctors. Our new H/R person is now ...
3
votes
2answers
842 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 ...
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, ...
3
votes
1answer
9k views

Is it an issue to have different addresses on two different W-9 form?

Is it an issue to have different addresses (in two different states) on two different W-9 forms that were filled out around the same time, for overlapping jobs?
3
votes
2answers
211 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?
3
votes
1answer
96 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 ...
3
votes
1answer
5k views

What happens to CPP/EI when you change employer?

What happens to your CPP/EI contributions when you change jobs? Is your portion of the contribution carried over to the new employer? Are there any taxes involved?
3
votes
1answer
42 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 ...
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
1answer
374 views

Does your employer have to hold back taxes on your paycheque?

I've been looking at ways to increase the amount of liquidity that I have on a day-to-day basis, and notice that I have quite a fair amount of my bi-weekly pay cheque going right to taxes that I'm ...
3
votes
1answer
162 views

Is a signing bonus considered reportable income?

I received a $2,000 bonus for signing a Letter of Intent to sign a contract leasing our farm land to a solar energy developer. The lease ultimately fell through due to technical complications, but I ...
3
votes
2answers
235 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
1answer
87 views

UK self-assessment: employed and self-employed with small self-employed income: what to do about class 2 NICs?

My google-fu is failing to find me a straight answer to this one, perhaps because the merging of some NIC payments with self-assessment is relatively recent and there's a lot of old info out there: ...
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 ...
2
votes
2answers
3k 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 ...
2
votes
1answer
739 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 ...
2
votes
3answers
391 views

When should both spouses get benefits from their jobs?

My wife and I get medical, dental, and vision benefits through her job. Generally we've been pretty satisfied with them. Now for the first time, my job is offering health, dental, and vision as well. ...
2
votes
2answers
11k 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 ...
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 ...
2
votes
1answer
5k views

Will I owe money if I claim two allowances on W-4?

Will I most likely owe money during tax season if I claim the first two allowances on the W-4 instead of just the first one? I was filling it out at a new job (14/hr) full-time (40/hrs per week) and ...
2
votes
1answer
172 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 --- ...
2
votes
2answers
936 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 ...
2
votes
4answers
328 views

Former employer deposited money in my 401K by accident

Former employer put about $3K in my 401K after I had left the company for 1 year. A year later they discovered it and are asking for the money back. Do I legally owe this to them?
2
votes
2answers
296 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
2answers
13k views

FHA Loan - Less than 2 years employment history

Background: I & the wife are looking to buy a house priced at $250k via an FHA loan. One of the requirements for the loan is that we have a 2 year continuous employment. I have a 1 year gap in ...
2
votes
1answer
171 views

Backdating employment start date

Is it possible to officially backdate my employment start date with HMRC? I have been working part time for my current employer since April 2018 and I have just found out from my employer that he hasn'...
2
votes
1answer
2k views

Can your employer take back HSA contributions?

Employer established a HSA and made a one time contribution of $750 per employee and spouse or dependent for total of $1500. Can employer withdraw moneys from employee's HSA debit card account? Say ...
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 ...
2
votes
1answer
130 views

Can one deduct lawyer consult fee less than $1000 for ex-employer's threat letter related to confidentiality in 2018 taxes?

Someone I know paid around $1000 last year to consult lawyers regarding a threatening letter from a former employer related to company confidential information where they threatened lawsuit and ...
2
votes
3answers
104 views

How is a grant of stock treated from an income tax perspective?

If I go to work for a private company and they give me stock in the company how is that treated from an income perspective? Is the value of the stock just its par value (which can be nominal in a ...
2
votes
1answer
61 views

What taxes or fees should employer pay to keep an employee's work permit and residence safe in Sweden?

I moved to Sweden few month ago due to an employment agreement with some Swedish company. I moved here with my wife, so we both have the personal number and Swedish id card. Also, I have work permit ...
2
votes
1answer
200 views

401k age 55 rule question

I just want somebody to clarify this for me. The way I read it is you qualify if you leave your job that you have the 401k in the year that you turn 55. So if I turn 55 on September 1, 2017 but I ...
2
votes
1answer
206 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
5k 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 ...
2
votes
0answers
125 views

if you're a federal employee and you quit during the shutdown will you still get backpay?

Right now there are 800,000 or so furloughed federal employees that aren't being paid. Many of these employees are being forced to continue working despite not having received a paycheck. My question ...
2
votes
0answers
187 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 ...
2
votes
1answer
123 views

Need help negotiating a salary agreement with my boss [closed]

I'm a college student who is interning at a startup company. My job as an intern is to help redesign and launch an app, so that it runs on Android as well as iOS. When I signed up for the job I was ...
1
vote
3answers
391 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
2answers
523 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 ...
1
vote
1answer
1k views

Still enrolled in Medicaid after starting new job

I just started a new job and I am still enrolled in Medicaid officially. Can I still use Medicaid until my new company sponsored health insurance kicks in?
1
vote
2answers
209 views

Social Security Disability program: What happens when the disabled go back to work?

The United States recently received some rather good news about our Disability Income program, reversing a significant drain on the economy: About 1.5 million Americans applied for disability ...
1
vote
1answer
238 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 ...
1
vote
1answer
59 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?...
1
vote
2answers
124 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
2answers
270 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 ...