Hiring remote employees gives companies access to a larger pool of workers, but because each state has its own laws regarding workers' compensation, disability insurance and/or paid leave, as well as its own taxing authority, employers have to know and be prepared for the implications on state and federal income taxes when it comes to remote workers, Medicare withholding and unemployment insurance.
Let's say you decide to onboard a freelancer, also known as an independent contractor. What should your next tax- and finance-related moves be? Let's find out!