UK Restrictive Covenants: An Overview Restrictive covenants in the UK prohibit ex-employees from misusing the confidential information of their previous company, at the cost of their former employer, to profit themselves. Any employer who wishes to hire in the United Kingdom should be aware of these covenants to safeguard their business interests. TYPES OF RESTRICTIVE…
Alberta has been gradually raising their province’s weekly and monthly minimum wages since late 2016. Starting 1 October 2018, the minimum hourly wage was raised to $15, affecting nearly 11% of Alberta’s total workforce (254,000 employees). Alberta now has the highest provincial minimum wage in Canada.
France to Implement New Tax Withholding Regulation from Jan. 1, 2019 After several delays, France will be implementing withholding tax (Prélèvement à la source) on salaried income from Jan 1, 2019. It is a significant change in the French tax system as currently personal income tax is paid directly by employee with no withholding at…
E-Invoicing to Become Mandatory in Italy from 2019: Key Things You Need to Know General B2B and B2C E-invoicing becomes mandatory from January 1, 2019. Starting January 1, 2019, general business to business (B2B) and business to consumer (B2C) e-invoicing obligation will become mandatory. The e-invoice will be issued through the ‘Sistema di Intercambio’ (SDI) system,…
Important ASEAN Labor Trends for 2018 Every year there are changes to labor laws in countries that are part of the Association of Southeast Asian Nations (ASEAN) and the same holds true for 2018. For an overview and insight into key changes that impact companies who employ ASEAN residents. Adam Sheffield, President of our sister company Global…
Shaping the Future: 5 Benefits of Cloud Accounting As various issues of traditional on-site software crop up, many businesses prefer the benefits of the cloud platform for accounting. Cloud accounting is an innovative and cost-effective way of financial management that can enable the transformation of growth-oriented organizations. The survey “The Practice of Now” by Sage…
4 Accounting Challenges Businesses Often Face According to a 2017 survey by recruitment firm Robert Half Australia, technology is the single biggest factor that will impact the finance domain now and in the future. 1. CHANGING ACCOUNTING PRINCIPLES AND TAXATION POLICIES Regulations related to accounting, legal matters, and taxation vary from country to country and proper…
HR Outside the Box: Technology that is Transforming the Workplace by Mary Lemons, VP, Human Resources Solutions, Global Upside There has never been a better time to be an HR professional. With the advancement of technology transforming how we hire, develop and manage people, HR professionals today have access to everything from sophisticated HR platforms to a plethora of…
Transfer Pricing If you are looking to expand your business across borders, you cannot afford to make a move without a foolproof tax strategy in place. That’s why matters like transfer pricing have become a focal point for multinational enterprises. Keeping up with international tax regulations is a complex issue and non-compliance can prove costly.…
Minimum Wages: APAC Region A minimum wage is the legal minimum salary set by the government that an employer is required to pay to its employees. The table below shows the minimum wage rates across the Asia-Pacific (APAC) countries. COUNTRY MINIMUM WAGE Australia AU$ 719.20/week or AU$ 18.93/hour Bangladesh BDT 5,300/Month Cambodia USD 170/Month China…
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