GM, and welcome to RollCall by Rollfi!
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2023 started off with a bang. Our product is now live! If you want the most simple and flexible way to pay your employees, at the lowest cost, book a demo with us today.
We've taken some time to reflect on our mission and the feedback we've received from customers since going live at the beginning of the year. One thing we kept hearing was something along the lines of, "Well I can't use you, I want to pay my employees in USD!". And that confused us - because we offer USD payouts!
What we realized is that we had a messaging problem. While crypto is an important part of our offering, its not the only part.
We started Rollfi to give employees and employers max-flexibility to pay and receive pay how and when they want, whether that's in crypto, fiat currency, or other forms of compensation (coming soon!). As we continue to listen to our customers needs and build out our platform, we also want to adjust the content we provide you with.
With that said, this newsletter will be the first in a series of newsletters that will help employers and employees navigate the future of work. We'll be covering news, laws, and compliance updates that effect small businesses, trends and useful tools in the future of work, and even provide solutions to problems that we've faced ourselves as a fully remote company.
So without further ado...let's get started.
Registering Your Business in Different States
Many startups and remote businesses run into similar problems as they grow. They want to hire a remote employee in a different state but they didn't know they had to register in that state. It's a confusing and frustrating process for businesses that are new to it.
The two major steps that any C-Corp or LLC needs to take to hire remote employees are Foreign Qualification and Payroll Tax Registration.
To do these on your own is difficult to say the least. The process involves lawyers, state tax offices, and setting up a registered agent to receive mail on your behalf.
Luckily, there are some pretty awesome tools out there that can help:
- CorpNet: CorpNet offers a myriad of services that take the headache out of starting and expanding your business. Their foreign qualification services are much more cost effective than going through most lawyers.
2. AbstractOps: If you're looking for a full service SaaS platform for ongoing compliance, contracts, and operations services, AbstractOps does it all.
3. useStable.com: Stable provides virtual mailbox services and Registered Agent services to take the physical location out of the equation when growing your remote business.
4. Rollfi.xyz: You didn't think you'd get through this without some self-promo, did you? Our platform gives your employees the power to choose how they want to get paid. Beyond that, we take payroll and payroll taxes, and health insurance out of your mindshare. With automated payroll solutions, just set up Rollfi once and you'll never have to think about us ever again.
January Jobs Report
Unemployment has fallen to 3.4% according to the January Jobs Report from the Bureau of Labor Statistics, matching it lowest point in the last 53 years. The 517,000 added jobs came mostly from the Leisure and Hospitality industries, which added 128,000 workers in January, followed by business services and government employment.
The report seemed to shock experts, especially following a month of highly publicized layoffs at major tech companies and rising federal interest rates.
Average hourly earnings have increased 4.4% from the year prior, although the increase is down month-over-month. The job market remains strong in the US, despite inflation and rising rates. Job openings at the beginning of the year were nearly double the number of unemployed persons seeking work.
As small businesses fight for good workers, why not make yourself stand out? Give your employees the flexibility to receive pay how they want.
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Rollfi Inc does not guarantee and is in no way responsible for the accuracy of information provided in this message. All information is provided “AS IS” and with all faults. Data presented here may not reflect all activity in the market.