• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Kube Suite - TL
Home News

Entrepreneurs Can Save Taxes If They Operate Internationally

Aayat AlibyAayat Ali
October 7, 2021
in News
Reading Time: 2 mins read
A A
Entrepreneurs Can Save Taxes If They Operate Internationally

More stories for you

Should You Pay $3,000 An Hour For Executive Coaching Experts Explain When It’s Worth It

Should You Pay $3,000 An Hour For Executive Coaching? Experts Explain When It’s Worth It

6 hours ago
Meta Plans To Rate More Employees As Underperformers To Guide Layoffs

Meta Plans To Rate More Employees As Underperformers To Guide Layoffs

15 hours ago
Burberry Slashes 20% of Workforce as Tariffs Tear Into Profits

Burberry Slashes 20% of Workforce as Tariffs Tear Into Profits

7 days ago
Klarna Cuts 40% Of Jobs As AI Starts Relacing Human Roles

Klarna Cuts 40% Of Jobs As AI Starts Replacing Human Roles

1 week ago

Running a business while on the go is becoming more appealing for remote workers, who are able to utilize tools to connect with their teams and oversee business operations while on the go.

Even more, there are perks to working remotely overseas beyond experiencing a new place. In fact, entrepreneurs can save money on taxes while they nurture their business.

Advertisements
Maximize Flexible Space Revenue

The tax system in the U.S. taxes all American citizens and Green Card holders on their worldwide income, meaning remote entrepreneurs will still have to file taxes in the U.S.

Additionally, American entrepreneurs who settle into another country rather than hopping around to different places may have to pay foreign taxes too. This means the best way to avoid paying foreign taxes is to travel across different countries and avoid spending long periods of time in one place.

Advertisements
Nexudus - Tech Stack Lovers

If that is out of the question, there are some countries that still have low or no income taxes, but this varies.

Minimizing your U.S. income taxes while operating your business remotely can be done, but it will depend on your specific situation.

For instance, someone can claim the Foreign Earned Income Exclusion that allows a remote professional to exclude the first $108,700 (as of 2021) earned from U.S. income tax liability. To qualify, international remote workers have to spend 330 full days in a 365-day period outside of the U.S.

Advertisements
Subscribe to the Future of Work Newsletter
Tags: Businessdaily_digest
Share5Tweet3Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

Should You Pay $3,000 An Hour For Executive Coaching Experts Explain When It’s Worth It
Career Growth

Should You Pay $3,000 An Hour For Executive Coaching? Experts Explain When It’s Worth It

byFeatured Insights
6 hours ago

v

Read more
Meta Plans To Rate More Employees As Underperformers To Guide Layoffs

Meta Plans To Rate More Employees As Underperformers To Guide Layoffs

15 hours ago
Burberry Slashes 20% of Workforce as Tariffs Tear Into Profits

Burberry Slashes 20% of Workforce as Tariffs Tear Into Profits

7 days ago
Klarna Cuts 40% Of Jobs As AI Starts Relacing Human Roles

Klarna Cuts 40% Of Jobs As AI Starts Replacing Human Roles

1 week ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Disaster Avoidance Experts

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00