![]() Employees are entitled to certain protections and benefits under the law, while contractors save costs by avoiding certain benefits and self-employment taxes. There are many factors that go into determining whether a worker should be paid as an employee or a contractor, but these two designations have very different tax implications for both parties. Even though you’ve been asked to keep the top part of the business attire on, working from home has its perks.Īn employer can hire a worker as an employee or contractor. Will I be required to pay estimated quarterly taxes? If so, when and how do I submit them? Are my benefits affected by working remotely? One of the biggest reasons people prefer working from home is being able to drop their work pants any time they want. How much does the company deduct from each paycheck? Is there anything else that’s deducted besides federal and state income taxes? Some companies also may require workers to contribute to Social Security and Medicare (FICA taxes). As an employee, your employer will take care of this for you. working as “self-employed” in your state? If you’re self-employed, you’ll need to set up a small business and file taxes that way. What is the difference between working as an “employee” vs. You’ll want to research these things before making a decision: If you’re considering a job with a company that lets workers work from home, it’s important to have a basic understanding of how your payroll taxes will be affected by this kind of job situation. In the wake of layoffs and cutbacks, more employers may offer telecommuting options to their workers. This means they must pay income taxes.Ī new survey has found that about a third of employed Americans work remotely during the week at least part-time, and many people find it’s easier to balance their lives outside of an office environment. Workers who work from home are treated as employees for tax purposes. Rooled goal is to give you an overview of how payroll and working remotely tax work so you can avoid stress and stay in compliance. ![]() Read on to learn about remote employee payroll taxes and what employers should consider before dealing with these taxes. ![]() Need to understand payroll taxes for at-home workers as remote work gains popularity.
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