Skip to main content

What is W2 and C2C and 1099 and MSP and VMS ?

I am talking about H1 visa. An Employer will take you on W2 basis or 1099. The diff between two is that
1) In W2 employer will cut your tax, while incase of 1099 employee will be resposible for that. So, in 1099 you can show your expenses like commuting, gas etc which are exempted from tax and you might be able to save some extra bucks. Generally, in US employers goes for W2.

c2c ie. Corp 2 Corp (what I supposedly know):
Suppose you are a consultant for company A which is not direct vendor for client, company B is a prime vendor for client and company B ask for candidates from company A. In that case if you are working for company B it is corp2corp

If need job in the US on an H-1 visa , must be paid on a W2 basis, not via a 1099.

A MSP,
Managed Service Provider, manages vendors and measure their effectiveness in recruiting according to the client's standards and requirements. MSPs generally do not recruit directly, but try to find the best suppliers of vendors according to the client's requirements. This, in essence, makes the MSP more neutral than a VOP in finding talent because they themselves do not provide the labor

VMS
Is a tool, specifically a software program, that distributes job requirements to staffing companies, recruiters, consulting companies, and other vendors (i.e. Independent consultants).[6] It facilitates the interview and hire process, as well as labor time collection approval and payment.


Comments

Popular posts from this blog

Karnataka ELECTIONS RESULTS live updates

ELECTION COMMISSION OF INDIA GENERAL ELECTION TO VIDHAN SABHA TRENDS & RESULT 2018 Click links below for Partywise Constituencywise-All Candidates Constituencywise Trends Partywise Trends & Result View vote share Karnataka Result Status Status Known For 222 out of 224 Constituencies Party Won Leading Total Bahujan Samaj Party 1 0 1 Bharatiya Janata Party 88 16 104 Indian National Congress 66 12 78 Janata Dal (Secular) 34 3 37 Karnataka Pragnyavantha Janatha Party 1 0 1 Independent 0 1 1 Total 190 32 222 Partywise Vote Share Please move your mouse over the chart or legend to view more details. Party {Votes%,Vote Count} INC {37.9%,13603333} BJP {36.2%,12965703} JD(S) {18.4%,6615839} IND {4.0%,1428855} BSP {0.3%,108589} AIMEP {0.3%,97254} BPJP {0.2%,83071} CPM {0.2%,80442} SWARAJ {0.2%,79400} KPJP {0.2%,74143} NOTA {0.9%,306132} Other 37.9% 18.4% 36.2% PartyName Votes Wise(%) INC {37.9%,13603333} 13,603,333 BJP {36.2%,1296...
Aadhar Update and Correction Procedure. Given the ever increasing importance of Aadhaar, any spelling errors or other mistakes in your Aadhaar details are likely to lead to problems for you. Linking Aadhaar and PAN, which is effectively mandatory for most now, requires that all your demographic details match on both. If there is a mismatch in your name, gender, date of birth on both documents, it means that you may be unable to link the two. You may need to update your Aadhaar for other reasons as well such as if it becomes inactive.  If you haven't used your Aadhaar in any transaction, like linking it to bank account or PAN, for three continuous years, it can become inactive, as per the UIDAI helpline and officials at an Aadhaar enrolment centre. You will have to update your Aadhaar if it becomes inactive.  If you're looking to update your Aadhaar, here's how to do it.  As per UIDAI website, there are three ways to update or correct your Aadhaar card details:  1...