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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

For 2022, freelancers will pay 15.3% Your client will also send a copy of the 1099-NEC to the IRS, so reporting every dollar is vital. Even if a client doesn’t send you a tax form, reporting the income is still important. Generally, the expenses involved in operating your business or side hustle can be tax-deductible.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

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.

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5 Productivity Products and Services to Boost Company Morale

Success

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.

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Major new report offers snapshot of hybrid and remote work debate in the US

Workplace Insight

Owl Labs and Global Workplace Analytics have just released their sixth annual State of Remote Work report. Here are some of the key findings from the report: The push and pull of remote work continues. Those wanting to be fully remote increased by six percentage points (42 percent in 2022, vs 36 percent in 2021).

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Work flexibility: Unconventional arrangements are here to stay

BMT Office Administration

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.

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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

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. If the incentive is at most $250, it will qualify as de minimis (meaning you don’t have to report on it).

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