As an employer, it is your responsibility to ensure compliance with payroll taxes. There are many things you need to know in order to stay compliant, including: – Withholding taxes from employee wages – Filing quarterly and annual payroll tax returns – Making timely payments to the government Failure to comply with payroll taxes can […]
Category Archives: Compliance
What you Need to Know About ‘1099 Employee’
Due to the COVID-19 global pandemic, businesses all around the globe begin seeking a more flexible and friendlier working environment, each passing day. With the increase of freelance work, there has also been a rising confusion regarding the benefits and tax implications of employing ‘1099 employees’ (a popular name for independent contractors) In favor of […]
5 Things You Must Know About Employee Statutory Requirements in Sri Lanka
Sri Lanka is a nation with a mixed economy where both private sector and government sectors employee Sri Lankans and foreigners. Sri Lanka welcomes foreign investments, and to support this several free trade zones, regulations and easy access schemes have been established. The economy is based on agriculture, apparel, and services such as BPO, KPO […]
Paying International Employees Compliantly
An increasingly painful problem that arises with international expansion is, how to pay employees compliantly. This is one of the good problems to have when growing, but has to be managed correctly to avoid complications in the future. Deepening on where employees are located, they will fall into government regulations and company labor laws that […]