Whenever you expand your business into a new country it's always critical to understand the new rules and regulations that to which your business will be subjected. Each nation has its own intricacies and quirks to that end and China is certainly no exception. Ignorance of the law is not an excuse for breaking it after all. Case in point China has a very specific type of invoicing system called …
Type: Resource (Article)
Great Kids Inc. is a nonprofit 501 c-3 organization committed to developing and providing home-based early childhood developmental assistance programs to at-risk families. The organization has over three decades of experience protecting and educating children and allowing parents to feel confident and competent in the process. Its curriculums have changed lives across the United States Canada …
Type: Resource (Article)
Formed in 2011 Scaled Agile Inc. provides the Scaled Agile Framework® SAFe® the world’s leading framework for enterprise agility. SAFe helps businesses address the significant challenges of developing and delivering enterprise-class software and systems in the shortest sustainable lead time. Today SAFe is in its fourth iteration and has been adopted by 70 of Fortune 100 companies and a growing …
Type: Resource (Article)
A W-2 employee is a formally employed individual working for a company or organization in the United States. … W-2 employees are entitled to specific benefits and protections under U.S. law and are subject to tax withholdings such as Medicare and Social Security. W-2 employees receive an annual W-2 tax form to report their earnings and tax withholdings. … What is a W-2 tax form? … Form W-2 is a …
Type: Glossary
Form 1099-NEC is a tax document businesses use to report payments made to non-employees, such as contractors, freelancers, consultants, vendors, and other self-employed individuals. … The U.S. Internal Revenue Service (IRS) refers to Form 1099-NEC as non-employee compensation. Companies use Form 1099-NEC to report any compensation exceeding $600 paid to individuals who did work for them but …
Type: Glossary
Form 1099-MISC is a tax document for reporting various types of miscellaneous, non-wage compensation to the Internal Revenue Service (IRS) and the recipient of those payments. … Individuals use Form 1099-MISC to report miscellaneous compensation over $600. Companies file form 1099-MISC to report various types of payments over $600 they made to individuals or corporations. Some types of payments …
Type: Glossary
An agent of record, also called a broker of record or AOR, is an entity with legal authority to represent an insured party and manage an insurance policy on its behalf. … An AOR serves as the intermediary between a policyholder and the insurance company. An agent of record’s responsibilities may include the following: Handling policy renewals and changes Submitting claims Negotiating settlements …
Type: Glossary
A global employment organization (GEO) is a third-party company that provides international employment solutions for companies to hire, pay, and manage global talent. … A GEO serves as the legal employer of a company’s distributed workforce. It allows businesses to legally engage employees across borders without having to first set up local entities or risk violating local employment laws. A GEO …
Type: Glossary
Onboarding is the process of integrating new employees into a company and familiarizing them with their position, job requirements, company policies, and culture. … Onboarding helps new employees become effective team members through education, training, networking, and hands-on activities. Onboarding can be virtual, in-person, or a combination, depending on the employee’s position and location. …
Type: Glossary
A contract employee is a self-employed individual that a company or organization hires to perform specific projects or services. … Contract employees are also known as freelancers, contributors, independent contractors, or self-employed individuals. Unlike traditional employees, contract employees own and operate their own businesses, often as sole proprietors or through limited liability …
Type: Glossary
