4 ms·
>Assuming this is legal at all according to current employment contracts, it's a huge pain for the new employer's payroll and more stuff to keep track for the e
by AussieWog93 4y ago
>Assuming this is legal at all according to current employment contracts, it's a huge pain for the new employer's payroll and more stuff to keep track for the employee's income tax.
Is it actually? I run a small business, and have trialled people a few times. I normally just transfer them the $x and report it as a business expense, same as you'd do with a contractor.
Maybe it's not technically 100% compliant, but I'd be incredibly surprised if the tax office kicked up a stink about something so petty.
(Then again, maybe it's just a "she'll be right mate" attitude that permeates even government departments here in Australia)
- the_watcher 4y agoIn the US, you might end up having to send a whole bunch of 1099s, which I am sure would be a pain.
- maplechori 4y agounder $600 you don't need a 1099
- ghaff 4y agoIn the US, you probably need to issue a tax form; this can be handled through a third party but then is a bit of a pain for the candidate. (I've had it work this way as a consultant on the side.) Depending on the potential employee's contracts and business rules, doing a side project for someone may or may not be 100% kosher.
- toomanybeersies 4y agoDisclaimer: I'm not a tax consultant, check with your accountant If they don't have an ABN, they'll need to give you "Statement by a Supplier" [1], otherwise you're required to withhold tax at the top marginal rate. [1] https://www.ato.gov.au/forms/statement-by-a-supplier-not-quoting-an-abn/ https://www.ato.gov.au/forms/statement-by-a-supplier-not-quo...