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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2020

Rules for Telecommuting

Rules for Telecommuting

Telecommuting, both for company employees and for the increasing number of full-time gig workers, is becoming the norm and not the exception. If you own a business, how you deal with the day-to-day implications of this new normal, not to mention its financial aspects, can make a world of difference in making telecommuting successful.


Telecommuting Explained
While some people may see working from home in their pajamas as the stereotype of telecommuting, it is quite different, often involving employees who work out of a satellite office or on the road. With technology that includes email, video conferencing and smartphones, working remotely can involve significant interaction with customers and other employees.


Still, telecommuting can be a relatively solitary existence, so it is important that you select telecommuters carefully. You should be confident that the employees or contract workers selected are capable of working on their own, while agreeing to predetermined work hours and availability. Review this arrangement after the first month and again after three to six months to ensure it remains a viable solution.


Making it Work
Employers will want to make sure they understand state and local rules governing remote employees, especially when multiple states are involved with different tax and employment rules. If you work with remote freelance or gig workers, understand those rules that differ by state so that you understand all your obligations thoroughly before entering into any agreements.


To protect your company, secure all its technology according to the latest standards. This means virus and malware software on phones, computers and other equipment, which your company should issue to all employees to help prevent security problems. If you work with remote contractors, require the same protections from them to protect your company.


Your jurisdiction may also require additional financial protection in the form of various types of insurance. If you work with remote contractors, you may require certain types of coverage, including liability insurance. If your employees work remotely, they will need the same mandatory insurance, including unemployment and worker’s compensation insurance, as in-house employees receive. Talk to your insurance professional to learn more.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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