New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
Hi, I currently own a LLC in New York (taxed as a S-Corp) and looking to hire developers from India. Can I hire them as full-time employees or only as contractors?
Are there any legal or tax implications for doing either? Also, would cost just be charged as an expense?
Thanks!
Thomas,
To hire someone as W2 employee that person needs to have an SSN and proper working authorizations. If your developers are in India you would hire them as foreign contractors, and deduct it as expense.
I would recommend you to seek an advise of a CPA on how those expenses would be deducted (specifically).
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
