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šØ Hiring contractors overseas? Donāt overcomplicate it. We just broke it down on Bookkeepers on Fire and hereās the š„ truth:
ā
Contractor ā Employee ā If theyāre outside the U.S., theyāre not subject to U.S. payroll taxes.
Ā
š W-8BEN is Your Friend ā Have it on file, donāt send it anywhere. Just keep it for your records.
š Simple, Not Scary ā Unless youāre setting up payroll in another country (š Canada anyone?), donāt make it harder than it needs to be.
Sometimes the biggest bookkeeping āheadachesā are actually just paperwork in disguise. šāļø
š Would you ever hire a contractor outside the U.S.? Why or why not?
š„ Join our Bookkeepers On Fire Community to connect š¤, collaborate š¬, and thrive š 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.
š„Donate with Venmoš„Ā Ā š„Donate with PayPalš„
By Deb Kilsheimer & Donna Reade5
1010 ratings
šØ Hiring contractors overseas? Donāt overcomplicate it. We just broke it down on Bookkeepers on Fire and hereās the š„ truth:
ā
Contractor ā Employee ā If theyāre outside the U.S., theyāre not subject to U.S. payroll taxes.
Ā
š W-8BEN is Your Friend ā Have it on file, donāt send it anywhere. Just keep it for your records.
š Simple, Not Scary ā Unless youāre setting up payroll in another country (š Canada anyone?), donāt make it harder than it needs to be.
Sometimes the biggest bookkeeping āheadachesā are actually just paperwork in disguise. šāļø
š Would you ever hire a contractor outside the U.S.? Why or why not?
š„ Join our Bookkeepers On Fire Community to connect š¤, collaborate š¬, and thrive š 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.
š„Donate with Venmoš„Ā Ā š„Donate with PayPalš„

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