111–120 of 203 posts
Industries that rely heavily on business travel are basically fucked. Airlines (first and business class), hotels, ridesharings, car rentals and etc.
It's hard to predict the post lockdown world is what I'm saying.
Earlier quoted context omitted.
> As long as there are C-level executives, VPs, and the usual corporate heirarchy, they're not really decentralized in the sense that cryptocurrency itself is fully consensus-driven. Is that the best litmus test? My impression is that Valve is decentralized and self-organizing company[1] even though Gabe still has a "President" title. In any case, it's quite an achievement to lie twice in a relatively short title. It…
take a minute to look up the various "I was inside Valve and it had a hidden structure" war stories. that led to a lot of people reading "The Tyranny of Structurelessness" back in the day. TLDR: "Welcome To Flatland" is Valve marketing and it doesn't hurt to take it with a grain of salt. https://www.pcgamer.com/valves-flat-structure-contains-hidde... https://medium.com/dunia-media/the-nightmare-of-valves-self-... htt…
Industries that rely heavily on business travel are basically fucked. Airlines (first and business class), hotels, ridesharings, car rentals and etc.
If WFH becomes more of a norm, I can imagine facilities / office budgets being re-purposed towards more travel for offsites, visits, and other activities to stay better connected. Work from home doesn't necessarily mean never seeing coworkers or clients in person.
Do workers who are employees of a company but are working from home get to write off part of their home or apartment as a business expense, the way contractors and self-employed do?
The real bummer about this write-off is that it's binary based on the usage of the space - if you use it for _any_ non-business activities, you are unable to write it off. Compare to assets, where you write off the portion that you use for business. It makes it a fairly difficult writeoff to achieve for renters and people in small homes - who might be working out of their living room, kitchen, or bedroom most of the…
Here you can write off the entirety of the space if it's used for business purposes, or a pro-rated amount if it's used for any non-business purposes.
Unfortunately, as soon as you step into "pro-rated" the value drops immensely.
If you have a 1000sqft house with a 100sqft office for which you pay $2,000/mo in rent, for a dedicated space you can write off `100sqft/1000sqft * $2,000/mo` = $200/mo = $2,400/yr
If you use that office for one hour once a week to join the video calls of your secret club or something, you can now only claim a fraction of the hours you used for work (160hours/mo) versus _total hours_ it exists (720hours/mo), not total hours you use the room. So the equation changes to `100sqft/1000sqft * 160h/720h * $2000/mo` = $44/mo = $528/yr
Since the denominator is the total hours available for use, not the total hours you use it you're no longer claiming any value for the time you're not using the room.
It's a little disappointing because I do have a spare room I could dedicate to an office, but I also have a nice desk with a nice chair and five monitors, speakers and mic set up for comfortable video calls, etc, etc. The extra tax refund would basically pay for me to re-buy a second copy of all this stuff after a year and I'd be saving money from there on out, but it's just so wasteful.
This year they offered a "simplified" deduction of just a flat $2/day up to $400/yr and so I didn't even bother with the paperwork for the detailed claim... this actually pays me more even though my rent is several thousand dollars a month.
Earlier quoted context omitted.
My understanding is that it's not "just" handling payroll taxes, unemployment, etc. There can also be paperwork around establishing legal entities which, of course, gets even more challenging as other countries are involved. It's mostly not that big a deal for large employers but it can be a fair bit of overhead for a small company--with the result that they don't want employees just working anywhere. Mitchell Hashim…
There is paperwork, but you don't need to establish a new entity in every state/country where you have an office or employee. You can simply register your existing company as a "foreign" business in all of the jurisdictions where it is not legally incorporated (and this is what most businesses do). Generally, you only have a location-specific business created if there are location-specific benefits acquired, or benef…
Do workers who are employees of a company but are working from home get to write off part of their home or apartment as a business expense, the way contractors and self-employed do?
The real bummer about this write-off is that it's binary based on the usage of the space - if you use it for _any_ non-business activities, you are unable to write it off. Compare to assets, where you write off the portion that you use for business. It makes it a fairly difficult writeoff to achieve for renters and people in small homes - who might be working out of their living room, kitchen, or bedroom most of the…
Wonder how their employees can be relocating worldwide when all their engineering jobs are listed as US/Canada.
Do workers who are employees of a company but are working from home get to write off part of their home or apartment as a business expense, the way contractors and self-employed do?
See e.g. https://www.zdnet.com/article/your-home-office-deductions-ch...