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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 264
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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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Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

If you don’t follow legal requirements, you’ll face steep fines or worse. The rise of remote work has allowed more companies to seek quality employees from more places, but international hiring can quickly make pay day even more complicated. Here are some of the best payroll companies for international use: 1. Learn more here.

Payroll 246
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5 Long-Term Financial Goals and How to Achieve Them

Success

These goals provide motivation, direction and discipline when managing your finances. Try using the debt avalanche method to help you manage your debt and get out of it for good. Opening a college savings fund for your child when they’re young can help you save for their future college expenses.

Goals 285
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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. He recommends identifying monthly core expenses and then identifying discretionary spending. “If People working in these professions don’t receive regular paychecks but have to contend with monthly expenses.