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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.    We expect these numbers to grow again in 2021.     

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 264
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Some expenses may be included on independent contractor invoices, but the basic tools or programs required to complete the work are often provided by the contractor. Form 1099 NEC filing requirements. Employee name and address.

Payroll 52
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3 Steps to Take Before Going Into Business for Yourself

Success

A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Before going into business for yourself, you should have an account set aside to save for these additional expenses. Managing money when you work for yourself can be tricky.

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Zoe Ellis Moore Founder of Spaces to Places | Navigating the Changing Needs of Today’s Professionals: Trends in the Flexible Workspace Industry

Allwork

Myth #3: Flexible workspaces are too expensive for small businesses. So it’s larger companies, more 100 employees where they’re fitting out and managing that whole space themselves. Now we’re seeing constant growth 2021, 3% increase in providers, 5% last year as well. So it is huge range there.

AT&T 278
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The 2023 Motherhood Penalty: The Sorry State Of Affairs For Working Women Continues

Allwork

This compulsory requirement has put slightly more pressure on employers, yet the absence of any legal requirement to reduce the pay gap means that many companies remain inactive on this issue. has the most expensive childcare of any industrialized nation, depleting around 75% of parents’ incomes. American Rescue Plan of 2021.

2023 305
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A Noncompete Clause Ban Is on the Table—Here’s What Employees Should Know

Success

President Joe Biden issued an executive order in 2021 calling on the FTC to ban or limit noncompete agreements, and this January, the commission proposed a new rule to prevent employers from entering into new noncompete clauses and to rescind existing ones. But change could be on the horizon.