Salary and Benefits
One of the most common misconceptions about working from home is that it has to come with a pay cut. A decade ago, when telecommuting was...
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Investing Money in a Home Business
If you’re looking for a work-from-home job, you might be wondering whether or not you should invest money to buy equipment,...
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Tax Considerations for Working From Home
If you’re an employee with a work-from-home arrangement, how you file your taxes won’t change when you start working remotely....
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Monetary Considerations
If you’re thinking about discussing a telecommuting arrangement at your current job, you probably have some questions about how it...
Read MoreFinancial Considerations
Consider Your Income
Financial considerations include things such as income, expenses, taxes, tax exemptions, financial allowances, equipment costs, healthcare benefits and so on. There are many financial considerations relating to working remotely that one must contemplate when choosing whether to work remotely.
Your Finances and Working Remotely
Finances can play an important role when deciding whether to work remotely. If work is being done remotely on a casual or part-time basis, finances may not have much of an impact. However, if an individual is debating whether to work remotely on a permanent full-time basis, this is when financial considerations will play a role. Considerations such as possibly being able to write off a section of the house for work purposes, possibly having less (or no) healthcare benefits, possibly receiving a car allowance and so on are all things that some people may not consider when making the decision.