Recent content by Omega Arpha

Yes, I agree, safest setup is to work only for your company.

Of course, employment by 2 companies simultaneously might be an issue in terms of following your obligations as an employee and with respect to terms of your employment contract (like non-compete or non-disclosure clauses and obligation to notify company). In any case, I have decided that it...

I don't quite agree with you than you can't be employee of the company and self-employed (even though it is not a no-brainer as being just an employee). TAXISnet also has instructions for salaried individuals in Part 4 I (Any Other Income), where it says: After that (I suppose) you will be...

A) Extra activities as self-employed. As far as I understand, that I can optionally use my deductions (not known to employer) through form IR59 to reduce my tax liabilities from the salary from that employer when he does his calculations. C) Yes, I would declare them (and pay taxes if needed)...

Hello, Thanks for your answers, though I have few clarifying questions: a) You mean I will lose opportunity for more deductions for the income from that particular employer (and not the ones which are not related to him)? c) But I'm not hiding it from IRS, I will still declare it in any other...

Hi, I have few questions regarding IR59 form (from employee's perspective): Is this form mandatory to submit for employees? If I don't submit it, what are consequences? Do I understand correctly, that my employer will just not apply any deductions I might have, which are not known to him (for...