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The Legal and Tax Complications Faced by Digital Nomads and Their Employers

Small Business Labs

  A quick summary of the article is if you're working remotely, it can be pretty complicated and potentially expensive from a tax perspective. But remote work is even more legally challenging for employers. A surprise tax might be waiting for you nicely covers the various tax issues workers face when they live work remotely. 

Legal 221
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

The intricacies of managing your tax information, including all the nuances of making sure you filed your tax information the right way, can feel overwhelming. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 261
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Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

Allwork

Give what should be hourly employees a more senior title to “promote” them to “management” roles, and suddenly overtime payments are entirely negated. Give what should be hourly employees a more senior title to “promote” them to “management” roles, and suddenly overtime payments are entirely negated. This method was simple.

Salary 257
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10 Key Considerations For Commercial Real Estate Owners And Investors Entering the Coworking Industry

Allwork

Coworking spaces demand more active management and premium customer service, necessitating adaptable operational strategies and fluid responses to member needs. This includes implementing efficient systems and processes to manage operations effectively. Unique Value Proposition : Differentiation is key in the coworking industry.

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Underwriting employees’ educational expenses tax-free

BMT Office Administration

You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job. Sounds like tax-free education is expensive, doesn’t it? Time for some tax ed.

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3 Steps to Take Before Going Into Business for Yourself

Success

Before going into business for yourself, you should have an account set aside to save for these additional expenses. As a W-2 employee, you know exactly how much you’ll be paid each month, making planning for life’s expenses easier. Ideally, you should have at least two years’ worth of non-discretionary expenses in the bank.

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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense. 223(d)(2)(D).

Expenses 198