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Archive by Month: August 2022

Does Your Maryland Business Use Independent Contractors? What to Know about Nonemployee Compensation Tax Compliance

Posted in Offshore Account Update on August 31, 2022

While most business owners know that there are tax advantages to using independent contractors, many business owners are not aware of the federal tax rules governing nonemployee compensation. Paying independent contractors can still trigger annual reporting obligations, and businesses that use independent contractors are still required to make withholdings in some cases. Read More

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