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What is an Employer of Record (EOR)? An Employer of Record (EOR) is a third-party organization that takes on the legal responsibilities and obligations of being the official employer for a worker or group of workers. They ensure that all payroll activities comply with local regulations.
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It ensures compliance with tax laws and regulations, avoiding potential penalties or legal consequences. In this case, you can navigate the complexities of taxation, plan your finances effectively, and ensure compliance with tax regulations. Additionally, the workers must ensure compliance with local tax laws.
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Unthinkingly, we’d jumped in headfirst without properly assessing the risks we were taking. Worker classification and employment law compliance, HR’s strong suits, pose some of the greatest risks every company will face. Develop Assessment Criteria. We had moved into a space with a ton of regulation.
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