You need proof of income to rent a house, get a credit card, or secure a loan. However, verifying your income is more challenging when you are a self-employed worker.…
Many people face a difficult choice when starting their own business: becoming an independent contractor or forming a Limited Liability Company (LLC). Which one is better? Let's compare 1099 vs.…
As a self-employed worker, you may overpay taxes annually because you are unaware of what taxes you pay or can deduct. Our ERA guide on 13 self-employed tax deductions may…
Tax forms can be confusing, especially for small employers. One such form is IRS Form 1096. So, what is a 1096 tax form? Our ERA expert will make Form 1096…
You are hiring contractors but want to enhance your management strategy for better working relationships? Partnering with contractor management is the best solution for you. In this article, the ERA…
Self-employed individuals can be divided into two main categories: independent contractor vs sole proprietor. A sole proprietor is a one-person business without registering a formal business entity such as an…
Are you a contractor worried about what happens if you get hurt while working? Many contractors face this concern, unsure about their financial security in case of injury that occurred…
When it comes to taxes, there are many forms to keep track of, including the 1098 and 1099. These forms serve different purposes and work for different income types. Let's…
Understanding the different tax forms and knowing which ones to use to organize and report your financial information is crucial. This article compares two common forms, 1099 vs. 1040, which…
Starting in 2020, there is a new tax form for reporting non-employee compensation (NEC) payments to independent contractors. This form is called Form 1099-NEC. The IRS redesigned Form 1099-MISC for…
When engaging employed contract workers in 2024, picking the appropriate Employer of Record company is essential. The Global Employer of Record Platform market was valued at US$ 4299.1 million in…
Have you ever wondered about the role of freelance vs consultant and how they provide services for their clients? Let us explain briefly. A consultant evaluates clients' needs and provides…
In business, vendor vs contractor are often used interchangeably, but in fact, they are different. This leads to confusion when distinguishing each role and responsibilities. So, what is the difference…
The terms consultant vs independent contractor are often interchanged, but in fact, they are different. Consultants are experts who evaluate their client's needs and develop insightful advice for any difficulties…
Suppose you're hiring independent contractors for specific projects. In that case, be aware that they are self-employed workers with completely different job responsibilities, especially between contractor vs subcontractor. No worries.…
Are you considering hiring an independent contractor or freelancer for specific projects or tasks, such as photography or designing posters for an upcoming company event? Regardless of your employment status,…
Many hiring managers face challenges when working with freelancers and contractors, such as control of meeting deadlines and planning projects. However, one aspect of freelancer engagements often goes undiscussed—making sure…
Independent contractor jobs are a flexible and well-suited option for individuals seeking a more dynamic work lifestyle. In 2022, there are an estimated 31.9 million independent contractors in the U.S.,…
In recent years, freelancers and self-employed contractors have become some of the most popular job positions among the younger generation. As of 2024, Upwork had over 18 million registered freelancers,…
Many think "freelance" and "self-employed" are interchangeable without knowing they still have notable differences. Although both involve working independently, these two jobs still differ in customer base, nature of work,…
In this booming digital and exchange world, contingent workers are utilized by companies as a solution for project and fixed term assignments. In this guide, with insights from HR experts,…
Corp to Corp (C2C) implies that another business will pay an LLC or corporation for your services instead of paying a person. However, failing to understand what is corp to…
If you are an independent contractor in the U.S., you must know your local tax duties and the required documents, including 1099 tax forms. But what is a 1099 exactly?…
When staffing your business, you have many options for bringing on talent. The two most common types of work arrangements are W-2 and 1099 Independent contractor workers. Wages and other…
As companies expand globally, many use Employer of Record (EOR) services to make business operations smoother. An EOR acts like the official employer, dealing with compliance, employer of record payroll…
Payroll refers to the process of paying money for employees for a set period or on a given date. A company's accounting or human resources department is usually in charge…
Classifying workers as independent contractors instead of employees brings many benefits to employers, especially in terms of saving money. However, the misclassification might lead them to face serious consequences such…
Reducing costs and increasing workforce quality is crucial in any type of business's strategic plan. Hiring a contractor is an excellent way to save money while streamlining operations. If you…
“What Is A General Contractor?” is easy to understand. A construction industry general contractor oversees construction projects and ensures their safe, on-time, and compliant completion for property owners. Property owners…
Do you know "How much do independent contractors pay in taxes?" As an independent contractor in Vietnam, you must understand your tax obligations, including the self-employment tax rate of 20%.…
”Employee relocation” is a popular term in large corporations that have expanded their business to other locations. In this article, we will learn about employee relocation definitions, 3 types of…
Relocation can be a considerable expense for both employees and companies, but have you known how much companies pay for relocation? This is a question that many people have when…
Are you planning to travel internationally or work in Vietnam? It doesn't matter if you're going on vacation or a business trip, you still need a tourist visa or work…
If you are considering career opportunities abroad, you may know about the term “work visa”. In this article, you will explore “What is a work visa?”, the types of work…
Have you known how to pay taxes for independent contractors yet? Independent contractors may be an excellent method to swiftly scale up your operations by leveraging exceptional skills. However, many…
The critical difference between employee and independent contractor is that the employee works in the company and conducts their work as a representation of the company. In contrast, the independent…
An independent contractor is someone who performs tasks for a business but has control over the process of accomplishing those tasks. The government must file additional documents to avoid any…
“How to pay international employees quickly, cost-saving, and legally” is a popular question when a company starts a broad global business. You should decide on five factors: hiring, employee working…
Payroll services have become a trend nowadays, not only around the world but also in Vietnam as well. Working with a payroll provider is the best way to help you…
Nowadays, boundaries between nations are no longer a hindrance for any businesses looking to grow internationally. Many organizations, such as Employer of Record, were founded to facilitate this expansion. Firms…
Immigration refers to the movement of people from one country to another for permanent residency. Global immigration profoundly affects international mobility. Moreover, it also shapes communities' demographic and cultural makeup…
Working as independent contractors has become a global trend recently. They also gradually proved their power by contributing 1.3 trillion to the US economy in 2021. In Vietnam, freelancers account…
How to hire independent contractors? You need to address your demand, have specific plans and processes and follow the local law to maximize the value of this popular type of…
How do you record wages when using a PEO? A PEO keeps track of your employee’s salaries and wages records within a given accounting period. Hiring a PEO equally means…
Beyond a shadow of a doubt, recruitment plays a vital role in the development of a business. How to hire employees who are experts and suitable is a long process.…
"What are payroll expenses?" Payroll expenses are the amount of money that a business pays employees in exchange for the work they do for business, including salary and wages expenses…
Businesses must collaborate with an employer of record (EOR) or a professional employer organization (PEO) to hire employees globally. Despite their similarities, there are still some differences between PEO vs.…
Payroll service or provider is a business that will do all the duties independently for a charge, optimizing the business owner's time to focus on other concerns. Once users set…
Starting a contracting construction business can be a challenging but rewarding endeavor. As a general contractor business, you will have the opportunity to work on multiple projects, get success, and…
How to become an independent contractor is a common question for those who want to start working in this type of employment. You will need to complete some tasks before…
Global Mobility is changing the world of work. It is a term used to describe the ability of a company and its workforce to move and operate and the world…
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