5.
There were no payroll taxes to worry about. In some states, the services provided by virtual assistants were recorded under "office expenses" for tax purposes. Other states required the business owner to issue a 1099 at the end of the year if the virtual assistant was paid more than $600.00. But regardless of the accounting method used, a virtual assistant was much easier to keep expense records for compared to onsite employees. In fact, several business owners had stopped using their third-party payroll service when they switched over to employing virtual assistants exclusively.
No comments:
Post a Comment