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How to Avoid the Risks of Independent Contractor Misclassification

Velocity Global

What Is Independent Contractor Misclassification? clients must fill out a W-8BEN form to certify their non-U.S. The client is responsible for providing the W-8BEN form , and the contractor is responsible for filling it out and submitting it to the client. Employee: Key Differences. Payment Method.

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How to Pay Your Filipino Contractor: 4 Payment Methods

Velocity Global

Ready to seek out flexible talent in the Philippines? This guide highlights everything you need to know to securely pay your Filipino contractors, as well as how to hire and manage them. 4 Methods for Paying a Filipino Contractor. We discuss the benefits and drawbacks of each below. International Bank Transfer. Online Money Transfer Provider.

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How to Hire Overseas Contractors and Pay Them Compliantly

Velocity Global

Collect Required Tax Forms. If your company is based in the United States, you will issue a Form W-8BEN for the contractor to complete. This tax form classifies their status as a foreign worker and a non-U.S. This tax form classifies their status as a foreign worker and a non-U.S. Payment details.

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How to Pay Contractors in Mexico: 4 Methods for International Payments

Velocity Global

When engaging a contractor in Mexico, follow the correct classification, create a locally compliant contract, and collect a Form W-8BEN (if your business is in the U.S.) Mexico is a desirable location to find contractors for several reasons. companies to engage contractors. companies to engage contractors.

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How To Pay 1099 Contractors Correctly and Efficiently

Velocity Global

But knowing all the ins and outs of what is required when working with them can be complicated. Form 1099-NEC. There are many benefits of bringing on 1099 contractors when your business needs extra help. If your business is looking to hire contractors for work, you’ve probably wondered how to pay 1099 contractors. 1099 Contractor FAQs.