Success
MARCH 13, 2023
For 2022, freelancers will pay 15.3% Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. in FICA taxes , which contribute to Social Security and Medicare.
Allwork
JUNE 30, 2023
Firstly, it is the simplest and least expensive form of business to set up and maintain. Sole proprietors report their business income and expenses on their personal tax returns, simplifying the tax filing process, and there are fewer ongoing compliance obligations compared to other business structures. To qualify for FEIE as a U.S.
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Success
OCTOBER 11, 2023
record in 2022 , reporting they’ve sold Apple watches to 30% of iPhone users—an unprecedented success rate. It has pages and calendar months to log events and expenses. Here’s what products and services to look into at your next budget meeting to give your space and processes a pick-me-up.
BMT Office Administration
MAY 9, 2024
Important Changes to Know About The Consolidated Appropriations Act of 2023 was signed into law in December 2022, and it’s collectively referred to as SECURE 2.0 – an update to the SECURE Act from 2019. Here are the stipulations: The expense must be for a business purpose. It has to be substantiated (like providing a receipt).
BMT Office Administration
OCTOBER 11, 2022
While she did miss lunches with her office friends and face-to-face exchanges of ideas, she had grown used to her home office and the better work-life balance. According to LinkedIn Global Talent Trends 2022 , job hunters viewed nearly twice as many job posts before applying in 2021 than they did in 2019.
Workplace Insight
NOVEMBER 14, 2022
Those wanting to be fully remote increased by six percentage points (42 percent in 2022, vs 36 percent in 2021). A minority have added smaller satellite offices or access to co-working spaces (13 percent and 14 percent respectively). Getting to the office is usually more expensive than working from home.
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