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Remote Work

Tax compliance, payroll, and financial management guidance for businesses with remote and distributed teams

Section 988 Foreign Currency Transactions: A Tax Guide for Importers, Exporters, and Remote Workers

Section 988 of the Internal Revenue Code makes foreign-exchange gains and losses ordinary, not capital. Importers, exporters, and remote workers paid in euros or pounds get full ordinary-loss deductions with no $3,000 cap, a same-day election to convert forward-contract gains to capital, and a $200 per-transaction de minimis exception for personal travel currency.

State PFML Programs in 2026: A Multi-State Employer's Guide to Withholding, Private Plans, and the Section 45S Credit

Sixteen US jurisdictions run mandatory paid family and medical leave programs in 2026, with new benefits live in Minnesota, Maine, and Delaware, a 23% Washington premium hike to 1.13%, and a permanent Section 45S federal credit. This guide covers which states require withholding, how private plan exemptions work, how PFML coordinates with FMLA and ADA, and the W-2 Box 14 codes that break payroll when miscoded.