Worldwide Worker Woes
Description
๐จ Hiring contractors overseas? Donโt overcomplicate it. We just broke it down on Bookkeepers on Fire and hereโs the ๐ฅ truth:
โ
Contractor โ Employee โ If theyโre outside the U.S., theyโre not subject to U.S. payroll taxes.
ย
๐ W-8BEN is Your Friend โ Have it on file, donโt send it anywhere. Just keep it for your records.
๐ Simple, Not Scary โ Unless youโre setting up payroll in another country (๐ Canada anyone?), donโt make it harder than it needs to be.
Sometimes the biggest bookkeeping โheadachesโ are actually just paperwork in disguise. ๐โ๏ธ
๐ Would you ever hire a contractor outside the U.S.? Why or why not?
๐ฅ Join our Bookkeepers On Fire Community to connect ๐ค, collaborate ๐ฌ, and thrive ๐ with like-minded professionals who are passionate about bookkeeping, accounting and business growth.
Join us here: Bookkeepers On Fire Community
Bookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent.
๐ฅDonate with Venmo๐ฅย ย ๐ฅDonate with PayPal๐ฅ























