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| So what would you do in the same situation? |
| Work secretly part-time for serious savings, while trusting that none are the wiser. |
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47% |
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| Work only at your full-time job |
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52% |
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| Total Votes : 17 |
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edwardcatflap
Joined: 22 Mar 2009
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 Posted: Fri Jul 20, 2012 5:05 am Post subject: |
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How what works?
Not quite sure what you wish to know here.
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Just curious but how are taxes calculated if you have a part time job? As income tax is on a sliding scale according to how much you earn, presumably you'd have to let the tax man know about both jobs so they could adjust the scale on your main job accordingly. Or not? |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Fri Jul 20, 2012 5:11 am Post subject: |
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Ok I see.
I registered the second "job" and taxes were deducted from it normally. I would have to look through my papers to get more precise information.
I was working full-time at the University and started working as a consultant as well. I then established a consulting agency to better network my skill and manage my client list. As things grew I had to hire a few people and get the proper permits and permissions.
When we moved to Canada (2008) I moved my consulting agency as well and still run it here in Canada with a few employees (on contract) in Korea.
Thats about all the detail you will get from me on a public discussion forum. |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Fri Jul 20, 2012 5:36 am Post subject: |
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| Yeah, ok so it looks like you don't really know either. Although you probably should |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Fri Jul 20, 2012 5:47 am Post subject: |
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| edwardcatflap wrote: |
| Yeah, ok so it looks like you don't really know either. Although you probably should |
I do know...but will not provide precise details on a public online forum.
I did tell you: I registered the second job and paid income tax on the income. The tax was calculated on my total income (University + Consulting). The tax on my University salary was deducted on each paycheque. The tax on my consulting income was calculated when I filed income taxes and had to paid then. I self-deducted the rate each month in order to have the lump-sum payment ready when the time came.
Hope that clears it up for you and frankly speaking, if you wish to do something similar, instead of getting aggressive with me, why not contact the relevant tax office in your part of Korea or discuss this with an accountant (which is what I did back then).... |
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ajstew
Joined: 04 Feb 2004
Location: Korea
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| Posted: Fri Jul 20, 2012 6:45 am Post subject: part-time work |
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| He's got a point. If you are not here, why troll these boards anymore? |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Fri Jul 20, 2012 6:47 am Post subject: Re: part-time work |
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| ajstew wrote: |
| He's got a point. If you are not here, why troll these boards anymore? |
1- not trolling
2- I still have extensive ties to Korea both personnally and professionally.
3- I like to help newbies when I can (mostly via pm now).
4- People can post wherever they like.
Good luck to you. |
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ajstew
Joined: 04 Feb 2004
Location: Korea
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| Posted: Fri Jul 20, 2012 6:52 am Post subject: part-time work |
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"Third, it appears you ARE working somewhere else already while working for the University so why ask about it in this thread? Your decision is made and you are doing it so I fail to see the intent of the thread. Sorry."
You're absolutely right, and I have been doing this for 4 years. Still wanted to know if others would do the same, and that was all my intent was. Maybe that response is meaningless to you Pat, but it is still something I have been curious about. |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Fri Jul 20, 2012 6:55 am Post subject: |
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Answer is obvious too: lots of people on a F-visa work multiple jobs.
It is one of the benefits of being on a residency visa. It is also normal for people who stay here longer to put down roots and acquire a network where job opportunities pop up.
Heck, I would say the vast majority of long-term F-visa holders I know in Korea work a second and often a third job (part time) on top of their main teaching duties.
Most do so legally with full knowledge of their employers. Others do so more discreetly because I assume they feel the reward outweighs the risk (risk here being getting fired from your main teaching job). |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Fri Jul 20, 2012 7:31 am Post subject: |
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| Just to avoid the hubbub, I will reiterate: Speak with the uni reps and be up front about your situation, ajstew. You will either come to an amicable conclusion, hide your side duties so you make ends meet, or sort out another job. That's all your call and really neither here nor there with us ESLCafe turds, so do your thing and let folks know how it goes. |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Fri Jul 20, 2012 2:29 pm Post subject: |
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| Hope that clears it up for you and frankly speaking, if you wish to do something similar, instead of getting aggressive with me, why not contact the relevant tax office in your part of Korea or discuss this with an accountant (which is what I did back then).... |
You've got a very strange idea of what constitutes aggression. And frankly speaking, if you don't know how it works why not just say 'I don't really know how it works as an accountant sorted it out for me'. No one will think any the less of you. |
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Sun Jul 22, 2012 2:25 am Post subject: |
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A lot of ex-expats still post because they feel a connection to Korea.
Speaking personally I value Pat's posts. They are usually full of good information. If you read between the lines a little you can pull a lot of decent stuff from them.
If you disagree don't assume that you speak for everyone here. |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Mon Jul 23, 2012 3:43 am Post subject: |
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| edwardcatflap wrote: |
| Quote: |
| Hope that clears it up for you and frankly speaking, if you wish to do something similar, instead of getting aggressive with me, why not contact the relevant tax office in your part of Korea or discuss this with an accountant (which is what I did back then).... |
You've got a very strange idea of what constitutes aggression. And frankly speaking, if you don't know how it works why not just say 'I don't really know how it works as an accountant sorted it out for me'. No one will think any the less of you. |
I did tell you how it works in GENERAL terms. That should be enough for you to get it. |
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