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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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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. You should consult your own tax, legal and accounting advisors.

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

Allwork

If you work as a freelancer or engage in work similar to the 16% of Americans who earned money from an online gig platform in 2021 , then there are multiple avenues to explore when bracing for next tax season. There is no legal distinction between the owner and the business.

Legal 264
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4 Smart Money Moves to Plan for Financial Security

Success

This goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. Despite that, 53% of millennials surveyed in the National Financial Capability Study didn’t have an emergency fund that could cover even three months of expenses. Pay off your debts by interest rate.

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The Benefits and Risks of Hiring Digital Nomads

Success

That’s expensive, and it’s a risk. Firms do need to consider the legal, financial and tax implications of where their employees are located and the framework in which they’re hired. A 2021 report from labor and employment law firm Littler Mendelson advised devising strategies for structuring these relationships legally.

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Pregnant Workers Might Soon Have Accommodations Making It Easier to Work Up to Delivery

Success

The bill, which has bipartisan support, passed the House in May 2021. Workers across the country who have faced unreasonable expectations at work, even at the expense of their health, are speaking out to advocacy groups, like Lightner, to push for the bill to pass. Congress passes it by Dec. Pregnant Workers Fairness Act Benefits.

UPS 279
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A Rise in Independent Workers Highlights Trends and Concerns Facing the Gig Economy

Success

Locations are also shifting toward increasingly more rural and suburban areas, as well as diversifying away from the most expensive hubs like New York, Los Angeles and San Francisco. Proposition 22 was subsequently found unconstitutional in August 2021, and by June 2023, the matter had worked its way to the California Supreme Court.

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