May 4, 2020 08:14:29 AM by Gary C
I have an agency. I have 3 team members in the agency. I want to pay my team members all of the funds received from clients. I will not be taking any cut of the funds recieved. Do I have any tax liability? Can I pass the payments directly through to my team members?
May 4, 2020 09:33:09 AM by Bojan S
Hi Gary,
All payments for agency contracts are received in the Agency's account balance, and you as an agency owner can control and divide the earnings as per your agreement with your team members. Please check this help article about Agency Finances.
All taxes are your responsibility to report and pay in accordance with your local laws. You may need to talk to a local tax adviser about proper ways for you to report your Upwork income.
Thank you!