Mark Proudfoot’s Post

A year working in Italy sounds dreamy, and with a visa like this on offer, employers are hard pushed to refuse. However, not only does Andy make a great point below around permanent establishment, tax, social security and payroll risk, but employers need to look at the downstream effects on their #employeebenefits programmes. Yes, there is a requirement for individuals to take out medical insurance (and employers can choose not to fund this), but employers should also look at other parts of their benefits - it's not unknown for life insurance to become invalid for long absences out of the country of employment. Rights to contribute to pensions may also fall out for longer periods, eg if breaking tax residence. Such risks can be mitigated (through #expatpolicies, for example), but puts cost and admin burden on employers unless they adequately indemnify themselves. Let me know if you'd like to discuss! (I should note that this is not an Italy-specific issue - but Italy is the latest country to offer a #digitalnomadvisa, and it got me thinking about a nice Aperol spritz sitting on a piazza...)

It takes two: Exempt Employees must meet both salary and duties test SHRM article review. HR professionals and business leaders, if not already, need to start planning for these changes. Salary thresholds are going up on July 1st, 2024, January 1st, 2025, and every 3 years starting in 2027. Note: I am not a legal expert or legal advisor so check with your legal team about how to interpret the duties test to ensure you are staying compliant with these changes. Without revealing any company secrets, how are you and your organization planning to implement these new changes? Let me know in the comments below. Have a great day! #HR #exemptemployees #businessleaders #executives #shrm #hrmanagement https://lnkd.in/eCFA2Ymw

Final Rule Webinar: Restoring and Extending Overtime Protections (youtube.com)

🌟 It's Wacky Wages Wednesday! 🌟 RCReports holds a whopping 86 million wage data points, with over 35 million exclusively ours. This #wackywageswednesday, we're looking at music arrangers! On average, what's your guess for a music arranger's salary in Washington, D.C? Look up any wage data point in our database in seconds using our Warp Speed Wages Tool. Check out all the tools and resources of RCReports: https://buff.ly/3RWAgEy #reasonablecompensation #taxaccounting #CFOservices #SCorp #taxaccountant #taxandaccounting #bookkeepingservices #accounting #accountant #salary #wage #bookkeeping

Pay to procreate

🤔 Do you engage sole traders? What about musicians, performers, or entertainers? 🎵 🎙 🎨 🏅 Are you aware that contractors can be considered "employees" for superannuation purposes... even when they are running a completely separate, independent business? The ATO has recently issued draft Taxation Ruling (TR 2023/4DC1). This is an update to TR 2023/4 and updates the guidance on the extended meaning of an “employee” under sections 12(2) to 12(11) SGAA. It's important for everyone to be across the ATO's position, but particularly anyone that engages contractors for their labour, or entertainers, artists, musicians, sportspersons, promoters (and similar).  Penalties for non-compliance are high and there is no limit to the historical review period. Please contact A&M if you want to discuss the draft TR and changes that you may need to make to your processes (such as contractor on-boarding and review) to manage SG obligations correctly. #superannuation #contractors

If the US Federal Trade Commission's final rule on noncompetes comes into effect (despite ongoing legal challenges), it will impose a nationwide, nearly complete ban on worker noncompete agreements. This ties in with a broader trend which sees global antitrust regulators closely monitoring HR practices. Specifically, antitrust regulators are now looking beyond competition among companies offering similar products and services, to the competition between employers as they vie to attract and retain employees. The increased scrutiny means that companies who agree not to poach employees from other firms or engage in wage-fixing face significant financial and even criminal risks.

Big news in labor law: The Court of Appeal affirms that under PAGA, aggrieved employees can sue on behalf of the state for labor violations, but other employees can't intervene in these actions. The legislative history shows that oversight is intended for the LWDA and courts, not other employees. This decision clarifies the scope of authority in PAGA settlements and reinforces the role of the LWDA in the process. Explore the full details of this case in today's DAR. Subscription required: https://ow.ly/Nupe50SQcJB #EmploymentLaw #CivilProcedure #LegalNews #PAGA

Thinking of putting a hold music compilation CD together... Hands down the greatest track has to be... Opus Number 1! If you know, you know... There's a similar one, all mysterious and digital There's the nice little acoustic guitar one There's a pretty popular panpipey type one Then you get the companies that put actually released songs out there, but they always sound like you're listening underwater - Why is that!? Can you tell it's a smashing the phones day...? Link to Opus Number 1 in the comments just because... We don't keep you waiting at Contractor Umbrella. We get that phone answered very quickly, so we don't need any of these bangers to keep you entertained, soz. #payroll #cis #contractorpayroll #umbrella

As the UK transitions from a Conservative to a Labour government, business owners are understandably keen to understand the potential impact on their operations. At National Business Register, we help businesses navigate these changes and seize new opportunities. With this political shift, it’s crucial to examine the likely changes and their implications. #UKBusiness #EUBusiness #InternationalBusiness #Trademarks #Copyright #BrandProtection #BusinessNameProtection #IPProtection