This video was in fact edited by my long time Filipino editor, Judd. Finding editors who use Final Cut is more difficult, as macs aren’t as common, but they do exist!
Great content!! I have always looked for a thorough content like this. Thank you. By the way, how do you pay your filipinos VA. Bank transfer or paypal? do you pay them after they work one month?
Thanks for the comment. Glad it was helpful. We use Wise for payment (daveswift.link/wise referral link) and pay twice a month for work already completed.
Hello Dave I believe I heard about another business recruiting VA’s from this site. I have two questions that may be a little thorough. 1) How are the payment arrangements made and time tracking? Is it through the website and do they allow you to you third party places for clock time tracking? Do you have to pay them in the trial period or is that just a test for them? 2) What about the tax scenario how is that broken down?
Hi @keenenlee8273, You can pay and track time in any way that you'd like. I only use OnlineJobs for the initial contact and then everything else is done through our systems. For taxes.. Here's a general breakdown: For the US employer: No US payroll taxes: You typically don't need to withhold or pay US payroll taxes (like Social Security and Medicare) for a worker based in the Philippines. Income tax withholding: You're generally not required to withhold US income tax for a non-resident foreign contractor. Form 1099: If you pay the worker $600 or more in a year, you may need to issue a 1099-NEC form to report the payments to the IRS. Deductible expense: Payments to the Filipino worker are usually deductible as a business expense on your US tax return. For the Filipino worker: Philippine taxes: The worker is responsible for paying taxes in the Philippines. This typically includes income tax and possibly other local taxes. US taxes: If the worker never comes to the US to perform the work, they generally don't owe US taxes on their earnings. Tax treaty: The US and Philippines have a tax treaty that helps prevent double taxation and may provide additional benefits or clarifications. Given the complexity of international tax law, it's highly recommended to consult with a tax professional who specializes in international taxation to ensure compliance with both US and Philippine tax laws.
Great content! Bring on "Dave's Toolbox"!
Thank you! Every Monday :)
Great video. I’m not in the situation where I can hire someone but I often wondered how to go about it if I get to that point. Thank you for the info
Thanks for the comment Darrin. I hope you can hire your first remote worker some day soon :)
Are your RUclips videos edited by a VA? I remember that you also use Final Cut and it would be great to find a good Final Cut VA.
This video was in fact edited by my long time Filipino editor, Judd.
Finding editors who use Final Cut is more difficult, as macs aren’t as common, but they do exist!
Oh cool! @@dave-swift
nice. Im filipino and $1k is a very decent salary for 0 to 2 years exp.
Thanks Marion! Do you do remote work?
@@dave-swift yes. Im a full time web designer.
Great content!! I have always looked for a thorough content like this. Thank you. By the way, how do you pay your filipinos VA. Bank transfer or paypal? do you pay them after they work one month?
Thanks for the comment. Glad it was helpful.
We use Wise for payment (daveswift.link/wise referral link) and pay twice a month for work already completed.
Interesting video! A few questions: if I hire a person, can I have regular (like daily or weekly video sessions) with the employee too?
They're you're employee so you can do whatever you'd like as long as they agree to it.
Hello Dave I believe I heard about another business recruiting VA’s from this site. I have two questions that may be a little thorough.
1) How are the payment arrangements made and time tracking? Is it through the website and do they allow you to you third party places for clock time tracking? Do you have to pay them in the trial period or is that just a test for them?
2) What about the tax scenario how is that broken down?
Hi @keenenlee8273,
You can pay and track time in any way that you'd like. I only use OnlineJobs for the initial contact and then everything else is done through our systems.
For taxes.. Here's a general breakdown:
For the US employer:
No US payroll taxes: You typically don't need to withhold or pay US payroll taxes (like Social Security and Medicare) for a worker based in the Philippines.
Income tax withholding: You're generally not required to withhold US income tax for a non-resident foreign contractor.
Form 1099: If you pay the worker $600 or more in a year, you may need to issue a 1099-NEC form to report the payments to the IRS.
Deductible expense: Payments to the Filipino worker are usually deductible as a business expense on your US tax return.
For the Filipino worker:
Philippine taxes: The worker is responsible for paying taxes in the Philippines. This typically includes income tax and possibly other local taxes.
US taxes: If the worker never comes to the US to perform the work, they generally don't owe US taxes on their earnings.
Tax treaty: The US and Philippines have a tax treaty that helps prevent double taxation and may provide additional benefits or clarifications.
Given the complexity of international tax law, it's highly recommended to consult with a tax professional who specializes in international taxation to ensure compliance with both US and Philippine tax laws.
@@dave-swift ok and following question what system/service do you use to pay them?
We use Wise for pay. We don’t track time. Referral link: wise.com/invite/ihpc/amyp311
Why would I pay a monthly fee to do the same thing as I can do on upwork?
Simple -- People on OnlineJobs are looking for full time work. People on UpWork are freelancers.
How do you pay them (through platform or directly)?
I use Wise: daveswift.link/wise (get your first transfer without fees with this referral link)
PayPal works too, but the fees are really high.