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

Allwork

It’s crucial for freelancers to closely and continually track their income and expenses, as this determines their net income, on which taxes are due. To calculate their taxable income, freelancers must first tally all their revenues and then subtract their allowable business expenses.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

With a traditional job, all you need to file your taxes is your W-2 tax form at the end of the year, showing what you made and how much you had withheld for federal and state taxes. With freelancing, you’ll likely have multiple clients, each sending you a 1099-NEC form (previously a 1099-MISC) showing what they paid you.

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How to Work from Home as an Administrative Assistant

C-Suite Assistants

Online savvy and self-discipline are skills that are especially important for admin work from home. Effective communication with upper management is an art form. How Can You Make Sure to Keep Up to Date on Expenses? Tips for keeping expenses up to date include: Check account statements regularly. Categorize expenses.

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Best Business Technology for Small Businesses & Their Owners (28 ideas from them to you!)

Stephanie LH Calahan

  Even if you are not the most technical person on your block, you probably have some form of technology in your life that you love.  Since I work at home (and because we're full-time RVers, always on the road), I need to be able to fax/copy/convert from anywhere. LNM LOVES Dropbox! We considered a cloud as well.

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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

As a result, the IRS was flooded with loads of improperly claimed 941-X forms, causing them to issue a moratorium for new ERC claims that began on September 14, 2023. This includes income tax returns, Forms 941 and 940, and information returns. Here are the stipulations: The expense must be for a business purpose.

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