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Tax on Foreign Income: What You Need to Know

💼 Hiring Help? Here’s What You Can Deduct! 💼 Bringing employees or contractors on board doesn’t just grow your business — it can also lower your tax bill. Here’s what you can typically deduct: ✅ Wages & Salaries — What you pay your staff ✅ Payroll Taxes — The employer-paid portion of Social Security, Medicare, etc. ✅ Employee Benefits — Health insurance, retirement contributions, and more 📌 Pro Tip: Track everything accurately and keep clear records to ensure you get the full deduction you de