accountingbyte

BIK means ‘benefit in kind’ and is an optional perk businesses will dole out to employees, such as a company vehicle, health plans, or housing. Benefits received, such as these, are treated as part of your earnings and, typically, are subject to income tax. The employer informs the tax office about the value of the BIK, which means that the emp…[Leer más]

The main difference is in the method of salary vs hourly employees compensation. Workers who are salaried get a certain amount each pay period no matter the number of hours worked. Hourly employees are paid based upon the actual number of hours worked and most likely is eligible for overtime pay. Bennetts and salaris works onyt use to be benitet…[Leer más]