mattisr1984 Posted September 21, 2007 Share Posted September 21, 2007 Is there any difference tax-wise in being paid bi-monthly versus monthly? (ie 2 checks versus 1 in a month). Virgil--if you see this, maybe you know since you probably dealt with payroll issues in the past... Quote Link to comment Share on other sites More sharing options...
ronniethebear Posted September 21, 2007 Share Posted September 21, 2007 None whatsoever. It goes by how much you make within the year, total. Quote Link to comment Share on other sites More sharing options...
mattisr1984 Posted September 21, 2007 Author Share Posted September 21, 2007 thats what i figured. thank you! Quote Link to comment Share on other sites More sharing options...
stefan Posted September 21, 2007 Share Posted September 21, 2007 Finally a math question for me! You as the payee should always want to get your money as soon after the work you did for it as possible. Better to have your money in hand to do with as you please. If you get benefits (eg.- IRA contributions) from your employer you definitely want them to make contributions as frequently as possible (provided there are no additional fees associated with this) so that you can benefit from the additional accrual as well as more dollar cost averaging. On the other hand, if you're the employer you should pay out as infrequently as possible. Quote Link to comment Share on other sites More sharing options...
stefan Posted September 21, 2007 Share Posted September 21, 2007 PS- From a label's standpoint, the same reasoning says that if it takes zero effort to put up a preorder for a record, you should do it... get the money in hand as soon as possible (to pay back those loans, reinvest in future projects or throw in the bank)! Quote Link to comment Share on other sites More sharing options...
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