The Global Small Business Blog

AUGUST 2, 2022

©2022 Women Entrepreneurs Grow Global®. They will weigh in on all things concerning global expansion. All rights reserved.

Banking 209

Banking Design 209

The Global Small Business Blog

JANUARY 10, 2024

©iStock/WANAN YOSSINGKUM There are many considerations to be made when taking a business global.

Human Resources 225

Human Resources Labor Costs Payroll 225

The Global Small Business Blog

OCTOBER 11, 2021

©iStock/MH What's affecting me, my clients, my colleagues and other global small business owners: How Christopher Columbus became an Italian-American icon. Small businesses that rely on Facebook and Instagram question their loyalty after global outage. Klasha raises $2.4

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Immedus

OCTOBER 21, 2021

In Effectively Utilizing Global Mobility to Support Growth and Talent Attraction , we explored the many reasons companies and employees want to move to another location. Today I want to expand on this subject and examine the main areas payroll must concentrate on when dealing with globally mobile employees. 5 Personal tax implications.

Payroll 105

Payroll Regulations Flexibility Management 105

Groove Technology

SEPTEMBER 6, 2022

A Global Employment Organization (GEO) is a global alternative for recruiting workers abroad without establishing a branch or subsidiary in a foreign country. A Global Employment Organization is a global alternative for recruiting abroad without a local entity. What is the Definition of a Global Employment Organization?

Payroll 130

Payroll Human Resources Administrative Outsourcing 130

The Global Small Business Blog

AUGUST 8, 2022

©iStock/metamorworks What's affecting me, my clients, my colleagues and other global small business owners: A rapid wave of digitization over the last few years sparked a significant shift in how businesses make and receive payments. American Express introduces Global Pay , a B2B cross-border payment solution for small businesses.

Marketing 161

Marketing 161

Globalization Partners

MARCH 28, 2022

When your company works with independent contractors, you need to issue them Form 1099-NEC at the end of the tax year if you paid them more than $600. Think of it as a cover letter you send to the IRS when you send in tax forms, such as Form 1099-NEC, that report non-employee compensation. Who needs to file a 1096 tax form?

Right-Sizing 98

Right-Sizing Accounting Payroll Service 98

Ivemsa

APRIL 17, 2024

Lower labor costs and lease prices, as well as unique tax exemptions, are the main areas where manufacturers can save. IMMEX Program Tax Exemption The IMMEX program was first introduced as a way to entice foreign manufacturers to invest in production in Mexico. Shelter services include HR, accounting, taxes, trade compliance, and more.

Manufacturing 52

Manufacturing Nearshoring Labor Costs Payroll 52

Globalization Partners

JANUARY 26, 2022

Here are some examples of compliance mistakes companies should look out for on their global expansion journey: 1. Failing to meet complex global tax obligations. Awareness of local culture and ways of doing business are also vital when expanding globally and setting up entities in international jurisdictions.

Regulations 130

Regulations Accounting Management 130

Velocity Global

FEBRUARY 20, 2023

Employee cost comprises several factors, such as employee salary, payroll taxes, supplemental benefits, and other expenses like company retreats and overhead. The costs include gross salary, payroll taxes, and additional expenses like supplemental benefits. For example, the statutory pension tax in Quebec in 2023 is 12.8%

Payroll 97

Payroll Insurance Right-Sizing Administrative 97

Global Expansion

MAY 26, 2023

Global expansion is many businesses’ ultimate goal, but it can become prohibitively expensive if not executed correctly. Expertise in global compliance protects against inadvertent violations of local laws or regulations regarding taxes, worker classification, labor codes, and privacy.

Regulations 98

Regulations Marketing 98

Velocity Global

MAY 25, 2023

In today’s international marketplace, more companies are sending employees on assignment overseas or implementing a global mobility policy that allows employees to work abroad. Plus, as global hiring becomes more competitive, comprehensive compensation is essential for attracting top talent.

Payroll 97

Payroll Global Hiring Insurance Healthcare 97

Velocity Global

DECEMBER 22, 2022

Hiring contractors overseas has many benefits and offers more flexibility in global expansion. Plus, because employment regulations vary globally, the risks significantly increase when engaging international talent. Contractor misclassification is often an employer’s attempt to avoid paying taxes. Back benefits.

Payroll 98

Payroll Insurance Regulations Jobbing 98

Auxis

NOVEMBER 3, 2021

As indirect taxes become a leading revenue stream for governments worldwide, navigating the wealth of complex and country-specific tax regulations is more challenging than ever for companies that compete on the global stage.

Outsourcing 98

Outsourcing Regulations Government Management 98

Velocity Global

DECEMBER 13, 2021

Global compliance is when a business follows the rules and regulations in each country they do business in as well as overarching international labor laws. When going global , many businesses make compliance mistakes, which can lead to legal headaches and workflow disruption. What Is Global Compliance? Key takeaways: .

Regulations 104

Regulations Insurance Out-Tasking Government 104

Global Expansion

DECEMBER 15, 2022

Building a global workforce requires your global HR team to be experts in complex international tax and labor laws, along with handling global HR tasks - such as global payroll and global benefits. This can become a large financial investment that demands countless hours of ongoing administration.

Payroll 96

Payroll Administrative 96

Global Expansion

MAY 3, 2023

Hiring beyond borders isn’t straightforward—and managing global payroll for a distributed workforce only adds to the challenge once employers hire the right candidates. To build a strong foundation to support international teams, employers must consider their global payroll systems.

Payroll 94

Payroll Regulations Management 94

Airswift

JULY 10, 2023

It ranks 35th largest globally and the third largest Southeast Asian economy. But to mobilise staff to the country, there are essential Malaysian income tax laws to get to grips with.

Sourcing 98

Sourcing Outsourcing 98

Mercans

MARCH 15, 2024

Changes in thresholds for Subsistence Allowance When the employee spends a part of a day away from his usual place of work, domestic per diem mentioned below is exempt from income tax. KB The post South Africa -Subsistence & Travel Allowance Thresholds March 2024 appeared first on Mercans Global Payroll & PEO.

Payroll 40

Payroll Service 40

Velocity Global

JANUARY 25, 2023

That has had significant implications for attracting, hiring and retaining top talent – as country regulations, international tax laws, and other local complexities have made it difficult for companies to issue equity in an easy and compliant way.

Payroll 98

Payroll Regulations Management Service 98

Global Expansion

JUNE 9, 2023

Accessing this vast global talent pool can boost productivity, cut costs, and increase revenue from new markets—all while getting ahead of the competition. However, these exciting opportunities come with challenges, such as managing global payroll processing.

Payroll 85

Payroll Regulations Marketing Management 85

Neeyamo

APRIL 26, 2022

Did you know that France’s income tax rate depends on the number of people in the household? The tax system in France has different taxable income brackets depending on the composition of the household: 1 unit = 1 adult household. Here are some of the critical challenges to be considered while taking care of global payroll in Europe.

Payroll 52

Payroll Management Out-Tasking Regulations 52

Globalization Partners

SEPTEMBER 29, 2022

Remote work has taken over the global workforce — and it’s not going anywhere. This makes payroll complicated and a bit cumbersome when it comes to taxes, labor rules, social security laws, and payment methods and currencies. Store and record documents such as contracts, tax forms, or pay slips. Track time and attendance.

Payroll 98

Payroll Management Regulations Automation 98

Neeyamo

MAY 26, 2022

Whether it is to venture into a new market, expand the current client base, tap into a worldwide talent pool, or reorganize supply chains, global expansion provides the means to accomplish these objectives. How do you factor in local laws and regulations, from health insurance to payroll taxes?

Payroll 110

Payroll Insurance Out-Tasking Collaborations 110

Immedus

DECEMBER 7, 2021

UK employers must report all taxable benefits in kind (BIK) provided to employees during the preceding tax period to HMRC. No P11D forms are not necessary, but all employees must be provided with a breakdown of the taxable benefits included in their P60 for the relevant tax period. . These include: . P11D and P11D(b) .

Payroll 69

Payroll Service 69

Globalization Partners

SEPTEMBER 28, 2021

The International Institute for Management Development (IMD) ranks Canada 14th globally for its overall economic competitiveness. Canada currently ranks 10th globally in gross domestic product (GDP), with a GDP of about US$1.7 Additionally, Canada is a global leader in fisheries, agriculture, and forestry. being generally low.

Regulations 98

Regulations Insurance Sales Marketing 98

Mercans

JANUARY 18, 2024

Amendment in income tax rates The Income Tax, 2015 (Act 896) has been amended through the Income Tax (Amendment) (No.2) 1111) revising the rates of income tax for resident individuals. The table below shows the annual chargeable income and rate of tax. 2) Act,2003 (Act No.1111)

Payroll 40

Payroll Service 40

Globalization Partners

JUNE 16, 2022

According to Kate Lister, president of Global Workplace Analytics : “Having had a taste, even under less-than-ideal conditions, employees are saying they want more. One of the greatest benefits of employing digital nomads is that they can monetize their global business knowledge for their company. Quarantine . The Caribbean .

Insurance 98

Insurance Government Payroll Out-Tasking 98

Paysquare

JANUARY 21, 2024

Payroll, as we are all familiar with, is not an easy task, and the level of difficulty increases when it comes to managing global payroll. Similar to in-country payroll, when global payroll compliance is not adhered to, there may be various consequences, including penalty, legal problems, and discontinuation of work in international waters.

Pharmaceuticals 40

Pharmaceuticals Payroll Regulations Outsourcing 40

Airswift

JULY 23, 2023

Planning your global expansion strategy? As a starting point, there are the following areas to understand: Potential challenges in the macro environment International recruitment and finding local employees Understanding tax laws that vary from your home market Should you outsource or establish an entity in-country?

Sales 98

Sales Outsourcing Marketing Service 98

Globalization Partners

JUNE 23, 2022

Companies must facilitate global mobility for both their existing talent and future employees. Has your company considered implementing a global mobility policy? Benefits of implementing a global mobility policy. All the legal and tax implications involved in relocating employees can be daunting. Learn more!

Flexibility 111

Flexibility Jobbing Payroll Automation 111

Global Expansion

JANUARY 4, 2023

One is to relocate current staff to the new market through global relocation. In this article, we’ll look at the pros and cons of both global relocation and EOR providers as solutions for businesses hiring top international talent. What is Global Relocation? What is Global Relocation? The Benefits of Global Relocation.

Administrative 105

Administrative Payroll Human Resources Regulations 105

Velocity Global

JUNE 28, 2022

For companies expanding internationally, failing to adhere to local labor regulations may result in fines, tax penalties, and other legal issues that hinder business and productivity. Follow this useful guide to develop global compliance protocols in any country. Classify Your Workers Correctly. Obtain Required Work Visas or Permits.

Payroll 75

Payroll Regulations Global Hiring Research 75

Mercans

APRIL 3, 2024

KB The post UK – Changes in tax rates and social security rates 2024-25 appeared first on Mercans Global Payroll & PEO. The following rates are effective from 6 th April 2024 till 5 th April 2025, unless otherwise provided. B NIL 0% 13.8% C NIL 0% 13.8% D NIL 0% 0% 13.8% E NIL 0% 0% 13.8% F NIL 0% 0% 13.8% I NIL 0% 0% 13.8%

Advisory 40

Advisory Engineering Payroll Insurance 40

Velocity Global

JANUARY 11, 2022

Companies that handle their own payroll administration must manage the following to stay compliant : Taxes – which change regularly. Lastly, payment, remitted taxes, social security, and other entitlements must be provided in the international employee’s local currency. Pension contributions. National health insurance contributions.

Administrative 98

Administrative Payroll Insurance Out-Tasking 98

Global Expansion

MARCH 13, 2023

With a population of over 38 million, Canada has the ninth-largest economy globally and is home to a highly skilled workforce. Its strong economy, low corporate taxes, and geographic accessibility make it an ideal place for businesses to invest and grow.

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Immedus

FEBRUARY 17, 2022

The Power of One: Realizing the Potential of a Single Global Payroll Solution. Source: Deloitte Global Payroll Benchmarking Survey 2020. However, when organizations elect to deploy a single global payroll solution, the benefits are overwhelming. What are the main benefits of a single consolidated international payroll solution?

Payroll 119

Payroll Banking Sourcing Software 119