The latest industry news, research and insights
28
December 2021
Anyone starting a business before the internet age would have had to go through a potentially long and drawn-out process of research and phone calls just to get themselves registered as self-employed. However, the advent of increasingly well-connected technology means that now all these jobs can be completed online within minutes, not to mention the
28
December 2021
Architecture firms are good at thinking strategically about how to tackle a project; that’s how you earn your fees. Think about how you take on a design assignment for a client: you listen to the client’s needs, address those needs in a way that meets the schedule and budget for the project, and then design
28
December 2021
In the UK, there is a big sigh of relief from payroll professionals across the country as they are checking off RTI and Auto-enrollment. After living through months of agonizing integration, policy writing, and compliance reviews, people are doing the cabbage patch dance at their desk to the Because I’m “Happy” song by Pharrell Williams.
28
December 2021
Paying local employees correctly and timely should not be a complex process for your global organization. Payroll Heaven handles all aspects of local payroll payments to your employees in countries all over the world. Whether your payroll is processed from a central location or within local offices, Payroll Heaven can interface with a single contact
28
December 2021
Do you know your name day? Mine is Christmas Eve. Being born in Poland, the custom is to celebrate one’s name day, imieniny in Polish, more widely even than celebrating one’s birthday. Although Christmas is not about presents, as a child I always felt a bit ‘gipped’ since my celebration was combined with the holiday.
28
December 2021
Latin America has a 13th month when it comes to salary. If you are planning to move your company or open an entity in a Latin American country, it is important to know about the requirement of the 13th-month salary. Employees, in most Latin American countries, are entitled to a 13th-month salary, which is payable
28
December 2021
OFAC is the Office of Foreign Assets Controls under the US Department of Treasury. Essentially, OFAC is the US agency that governs both economic and trade sanctions as defined under US foreign policy. The main job of OFAC is to be the “police” of financial transactions and trade that are performed by US corporations and/or
28
December 2021
Recent industry studies have shown that many organizations are struggling with coming to terms with enterprise-wide payroll. With globalization continuing to be a critical component in the success of companies, global payroll has become an area with new performance demands. Multinational companies have used decentralized models to pay employees in different countries for some time,
28
December 2021
Companies who have tax equalized expatriates on the payroll longer than 183 days may be required to run a “shadow payroll” in the host location to calculate the host tax withholding for the expatriate and pay it to the local government on a regular basis. This calculation is often referred to as a shadow payroll
05
December 2021
Bankruptcy is a dreaded word. Many Americans today associate it with being “broke and helpless,” but in fact, bankruptcy can be managed in bankruptcy court where the debtor may find debt relief. To be sure, no one looks forward to the idea of bankruptcy, but if the bankrupt party hires a low-cost bankruptcy attorney in
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It can be a very compelling and driving force: you’ve got a great idea, a unique service, a fantastic line of recipes, or a can’t-miss product. But launching a business is not the next step… it’s the last step on the road to entrepreneurship. Your time, money, and future are on the line, so take
IR35 can be quite a confusing subject for many contractors, as employment status isn’t always that simple, making it difficult to work out exactly where you stand with the legislation – whether you fall ‘inside’ or ‘outside’. Inside Vs Outside It is HM Revenue and Customs that determines which way your practices fall, and if
Whether you are focused on starting a business so that you can be your own boss, you’ve spotted a gap in the market, or have an innovative idea that’s never been tried before, there are lots of reasons for starting your own business. However, besides just passion and enthusiasm, making your business a success requires some
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