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Contractor Tax Questions
Hi,
Hoping someone can assist... We have a contractor that makes $320 a day lives in NY works in NJ -- we bill a client $384 for his services... He would like a raise and we cannot afford to give it to him -- is there something we can do other than a travel allowance (only partially tax deductible for us) that so that he will take home more money and be tax less? Like a travel allowance or something? Something so he can pay less taxes -- but so we as a company are not losing out... Any ideas would be so helpful. Thank you so much, |
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