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With your permission and they qualify they should be able to in most cases but depends on terms of lease.
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∙ 9y ago
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How does car lease take over work?
A car lease takeover is when a person takes responsibility of payments on lease for another person. To execute a lease takeover, the new lessee must fill out a credit application and be approved.
How can you get out of a lease?
There are 3 major ways to get out of a lease agreeement. 1. Ask the Landlord or Lessor to be let out of the lease agreement. 2. Find a clause that the Lessor has broken to you can terminate the lease agreement. 3. Find a Sublessor to take over the rental payments in your lease agreement.
Does a home based business have to pay payroll taxes for an employee?
It depends on if the employee is considered a contractor meaning does the employer have any say in how results are produced and if the employee makes over $500.00 If the employee is not a contractor, then taxes need to be paid by the employer and the employee. A good place to get more information on this is a local small business association.
When is a person considered an employee?
A person is considered an employee when they work for an employer under a contract of service, where the employer has control over the work the individual performs, provides tools and equipment, and has the ability to terminate the relationship.
Can an employer force you to file a workers comp claim?
Not necessarily, It would simply be up to you since its not his name which is going to go on the record. Its ur job on line, and the person you will be complaining to has an upper hand over your employer. So it really is upto you. If he does force you, its your decision that actually matters.
Does paying out unemployment insurance to a former employee increase the unemployment taxes for the employer?
The employer does not pay to the former employee. The employer pays unemployment taxes to the state he does business in, and the state, in turn, pays the benefits to the unemployed worker. If the employer has a large enough labor turn over, the state will raise his tax percentage payable accordingly.
What is the difference between finance lease and installment paying?
When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.
You are a full time employee can your employer send you home if it is slow?
Yes your employer may send you home due to business being slow.
What is pension contributes?
Pension contributions are regular payments made by an employee and/or employer into a pension fund to provide income after retirement. These contributions are invested over time to build a retirement nest egg for the employee. The amount contributed and the investment performance will determine the eventual pension benefits received.
Can you rent office equipment and claim them as a tax write off?
You can write off rent or lease payments; however, there are capital leases. Assume you "rent" a copier but at the end of the lease you have a one dollar buyout. What you have in this situation is a purchase agreement. You technically would have to capitalize the equipment and depreciate it over the guidelines established by the IRS. Assume you have a buyout at the end of the lease which makes you purchase the equipment at fair market value. In this case, I would write off the rental payments. If you have to return the equipment at the end of the lease, you can write off the rental payments.
What is a simple IRA, and what are the benefits over other retirement options?
A simple IRA is a retirement plan in the United States provided by an employer. It allows an employee to save money for their retirement. The main advantage is the administration costs are provided by the employer and it costs less for the employee.
What is contract of employment?
A contract of employment is a document which describes the employer and employee agreement. The document contains the duties to be done over a certain duration and the amount of remuneration to be expected.
