Posts by amberotter29

quietpilot23 said:Hey, I’m listed as a director for my own LLC for just an hour a day, but business is dead and I’m starting a job at a new company.

What paperwork do I need to hand over to the new employer? A tax card, a Medicare printout showing my work history, recent pay stubs, my ID... what else is out there?

By "what else," I mean do I even need to give them any info regarding my own company?
Do I have to do anything special to register myself, or do I just go through the usual employee onboarding process like everyone else?

Thanks.

What exactly did you agree on with this new boss? Is this a side gig or what?

vividscout18 said:Hey there,
quick question for anyone who knows their way around the books—when you're filling out the additional data columns for gross capital investments in fixed assets, should I be including buildings under construction? Specifically, I mean just the costs tied up in getting building permits sorted out.
Best,

In my opinion, yes.

electricbadger32 said:How do I get my unemployed spouse covered under my Medicare plan?
- You need to inform your employer that you want to enroll your spouse in your health insurance coverage.
- You will need to provide a marriage certificate
- And you must provide proof that they aren't eligible for health coverage through any other means.

One quick question, though: does this require paying an additional premium?

If you mean the employer, no, there's no extra charge. Just handle the paperwork.

ruggedmaker2 said:It’s all just different ways to shuffle the deck.
But mark my words, once the person who signed those papers finds themselves broke and facing a lawsuit, then the real chaos starts.
Trust me... I’ve heard some wild stories. But hey, they signed the dotted line themselves, so they can deal with the fallout. Let them fight their own battles.
Still, inflating your salary on paper just to look better for a bank loan? That is absolutely mental.
And dragging your employer into this mess too... honestly...

If someone wants to play games, fine, do it however you want—but involving your boss in this whole scheme? I’m speechless.
I seriously doubt any major corporation would ever touch that kind of nonsense. As for those tiny mom-and-pop shops that go along with it... well, God help them. They really ought to start reading the fine print.

Risk is always there, even if you have a perfect credit score. 😁 There aren't any guarantees, but I get your point—it doesn't make much sense when you look at it that way. I also think big corporations wouldn't dream of it, but you never know what goes on behind closed doors at the massive firms... 😉

ruggedmaker2 said:I’m guessing a new thread about wage garnishments is brewing.
🍿
Look, if you don't have the creditworthiness, you just don't have it. Period.
I honestly don't get this whole nonsense where people try to fake a higher salary just to qualify for a loan.
The laws regarding garnishment are what they are... (and yeah, we could go down a rabbit hole there)... but if someone doesn't actually make enough money to pay back a loan, then why bother inflating their income on paper?

No matter how strict or complicated the legal framework gets, those rules exist to protect the lender, too. They set boundaries. So why try to bypass those boundaries with fake numbers just to snag a loan? You’re supposed to actually be able to pay it back once you have it.

Mind you... I've been working in payroll for years now.
I've seen just about everything under the sun. To this day, I still find myself stuck in email chains with banks, trying to explain protected income levels and garnishment laws to them because of some idiots' mistakes.
I even went as far as requesting (and receiving) an official opinion from the Department of the Treasury regarding loans where the monthly payment exceeds one-third of a person's income.

Seriously, how does a person actually intend to pay that back? Through a direct wage garnishment? Or maybe a standing order?

It isn't always that black and white. I dealt with a case once where someone bumped up their salary; they could easily afford the loan with their actual pay, but the bank insists on that specific threshold, probably for risk management. I've also seen cases where a woman takes out a loan that her husband actually pays off using his own income... I even know a situation where a parent pays off a loan for their adult child 😁 because the kid couldn't qualify despite having a high income, simply because a co-signer was already tied up elsewhere...