Remove Cost Remove Report Remove Retirement Remove Salary
article thumbnail

SEP IRA: What You Need to Know About This Retirement Plan Option

Success

Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

article thumbnail

The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

article thumbnail

Intel Execs Take a Pay Cut: CEO Gelsinger to Reduce Base Pay by 25%

Allwork

Just days after Intel reported a dismal fourth-quarter financial performance, executives announced they would be taking pay cuts , while lower-level employees would see tens of millions of dollars in benefits reductions. million base pay. million base pay.

article thumbnail

Why You Should Start Your Own Business Today

Success

Since joining the company eight years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. In a report by MBO partners , it was found that over 50 million people became independent workers—contract employees, freelancers, etc.—in Now, he was out of a job. A second career.

article thumbnail

4 Retirement Plans Small Business Owners Should Consider

Success

There are only so many hours in a day, so longer-term decisions, like planning for retirement, can get pushed aside in the face of more on-the-spot issues. In fact, finding and researching the best retirement plans for small businesses can take time and effort you may not have right now.

article thumbnail

Defining The Future Of Work: Key Terms To Know For 2023

Allwork

Sometimes called the Great Reshuffle, workers participating in this job exodus often cited seeking better work benefits, conditions and salary. . Although not a new concept, it has become prevalent in recent months as companies take cost-cutting measures on the eve of the incoming recession. . Hiring Freeze . Hybrid Work .

2023 340