TAX TERMS WORK BASIS: W2, 1099, C2C (IMPORTANT)

TAX TERMS WORK BASIS: W2, 1099, C2C (IMPORTANT)

In US tax should be paid every month by anyone who is working

There are 3 types of tax terms:

W2 basis: Tax will be paid by the client (WHO HIRES THE CANDIDAITE)

1099 Basis: Tax will be paid by Candidate himself.

C2C Basis: Tax will be paid by employer of the candidate.

2. US citizen will work on permanent, Contract to hire, Contract positions

GC can work on permanent, Contract to hire, Contract positions

EAD can work on permanent, Contract to hire, Contract positions

H1 can work on contract positions only.

US citizens can work on mainly – w2 or 1099, C2C basis

GC can work only on mainly on w2 or 1099, C2C basis

EAD can work only on mainly on w2 or 1099, C2C basis

H1 can only work on C2C

3) EAD : candidates who are in the process to get their GC visa after completion of H1   will have a period of 6 months that period is called EAD…..

4) Layers – Client – Prime vendor – T1 vendors – Tier2- Tier 3

Prime vendor: Direct Vendor to the client

Implementation Partner: Who implements the projects (CSC, Infosys, TCS, HCL)

5) What do you do as soon as you get the requirement?

AS soon as I get the requirement…. I go through the requirement and look for main skills what the client is looking for……Then go the job boards and do a Boolean search…. As soon get a matching resumes I go ahead and call them screen him and negotiate the rate…. And ask for the updated resume, availability, location, best contact number and submit him to the client.

Rate confirmation

 What is an NCA (Non competent agreement) / NDA (Non-disclosure agreement)

 MSA (Master Service agreement)/ PO (purchase order)

6) What job boards you work with?

DICE, MONSTER< CAREER BUILDER, HOTJOBS, CORP TO CORP, Hot recruiter….

7) what’s a Boolean search?

Ans: In Boolean search we use And, or, ““, brackets aetc.