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South Africa Approves Digital Nomad Visa, But Concerns Arise

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The new visa program, proposed as amendments to the country’s immigration laws in February, is seen as a strong effort for the nation to attract skilled remote workers by offering specialized visas for up to three years — potentially boosting the local economy and adding to the country’s tech scene. South Africa’s Income Tax Act ).

Salary 200
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What Is Cryptocurrency’s Role In The Future Of Work?

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Both employers and employees should not be naive about cryptocurrency, as it is volatile and unregulated, opening up its owners to scams and audits from the IRS if they are not careful. . At this point, it is possible – no matter what your profession is – to have your entire salary converted into cryptocurrency. .

Salary 299
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Hiring Internationally Doesn’t Have To Make Payroll Complicated

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Allwork.Space may earn a small commission when you make a purchase through an affiliate link in our stories, at no additional cost to you. This helps support our journalism. Learn more here. Having a good payroll service can make or break a company. If you don’t pay your employees, they leave.

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

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.” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. Firstly, it is the simplest and least expensive form of business to set up and maintain.

Legal 264
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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

The good news is that you can make a salary even if your business isn’t profitable. The bad news is that if you don’t have a profitable business to start, you might feel guilty or reckless drawing anything except the smallest salary you can live on. These are the kinds of questions that keep entrepreneurs up at night.

Budget 279
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How to Start a Nonprofit Organization In 5 Simple Steps

Success

Donors asked if they can deduct the cost of the donated items on their tax return, and a few people suggested you make your project legal by filing for nonprofit status. The cost to file is $600, and the form itself is 28 pages long, although many organizations can skip some of the pages. The cost to file Form 1023-EZ is $275.

Filing 162
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The Biggest Financial Mistakes to Avoid in Your 20s

Success

Knowing their numbers is particularly important for freelancers, gig workers and/or people with side hustles —types of work that members of Gen Z are increasingly picking up. The internet and social media can amplify the “keeping up with the Joneses” effect that was once limited to people’s immediate circle. “In