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The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. QBI Deduction Basics The QBI deduction is written

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your

A hobby is for pleasure. A business is for making a profit. Knowing the difference dictates whether you can deduct business expenses on your tax return — or not. Keep reading to learn about an IRS law known as the “hobby loss rule.”

Tax deductions are not nearly as important as tax credits. A credit, as opposed to a deduction, lowers a company’s tax obligation dollar for dollar. However, tax credits aren’t unlimited. The general business credit (GBC), which is located in Internal Revenue Code Section 38, may have a maximum limit on the total amount of tax

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

The past couple of years have shown that unexpected events can wreak havoc on even the best-laid business plan. In a volatile economic climate, it’s wise to be prepared for every eventuality — including the possibility of selling your business fast. Even if the sale isn’t urgent, it’s important to prepare your business for potential

If you’re running a business, whether it’s new or established, it’s possible that you may experience losses. But don’t worry, the federal tax code can help. You have the option of applying your losses to offset taxable income in future years, subject to certain limitations, through the net operating loss deduction. Qualifying for a Net

If your company needs to expand or relocate, keep the rehabilitation tax credit in mind, especially if you like old buildings. Qualified Rehabilitation Tax Credit Expenses The credit for a qualified renovated building that is also a certified historic structure is equal to 20% of the qualified rehabilitation expenditures (QREs). A qualified rehabilitated building is

The Tax Cuts and Jobs Act (TCJA) was passed into law in 2017, but its effects are still being felt years later. A number of the law’s provisions have already expired or will do so soon. The present deduction for research and experimentation (R&E) costs was one provision that ended last year. R&E Expenses Numerous

Hiring remote employees opens up the talent pool and potentially lowers office costs. But when your remote employee lives in another state, there are important tax implications to keep in mind as you set up payroll.