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Why You Should Start Your Own Business Today

Success

in 2021, nearly 13 million more than the year prior. The nation’s 73 million baby boomers (according to data estimates from the 2020 census ) are just starting to reach retirement age, yet they’re realizing that they can’t afford to retire. 6 benefits of entrepreneurship. A life of greater impact. A second career.

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4 Smart Money Moves to Plan for Financial Security

Success

They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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The Founder of Black Girl Ventures Gets Things Done

Success

It came in the form of a T-shirt line which got off on the completely wrong foot but led to her first major success. “It Her mom invested her retirement money in the company, and Bell used her tax refunds to buy her own printers. This article originally appeared in the September/October 2021 issue of SUCCESS magazine.

Clothes 264
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The 2021 Productivityist Holiday Gift Guide

Productivityist

Members of TimeCrafting Trust get access to all of my courses (even retired ones), paid workshops, biweekly focused work sessions with me, and more. It also features tactics (in the form of “plays”) that the reader can use today. The post The 2021 Productivityist Holiday Gift Guide appeared first on Productivityist.

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Business finance: The ultimate guide for non-finance people

BMT Office Administration

That trend continued in 2021, with only 34% of small businesses applying for bank loans. In fact, ROBS is currently the most popular form of business financing in 2023. It’s where an individual uses their personal funds, usually from their retirement fund or 401k, to finance their business tax-free. Why is that? What’s that?

Finance 105
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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g., Changes made last year by the American Rescue Plan make claiming child and dependent care credits particularly difficult on 2021 1040s.

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52