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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

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. That way, you don’t have to worry about your grocery expenses getting mixed up with your office rent come tax time.

Filing 264
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In So whenever you hear someone talk about their fiscal year, they’re referring to the 12-month period they use for accounting and taxes.

Finance 105
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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

I’m no stranger to setting lofty money goals : At 9 years old I became cognizant of the idea of college—a seemingly far-off milestone that my parents described as “important” and “expensive”—and decided I needed to proactively save money for my college education. Plan for retirement. Get familiar with your finances.

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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. encourages employers to provide retirement plans by offering tax incentives and credits. How does it do that?

Payroll 52
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The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. We need to equip the workforce with the new skills that the economy needs.

Budget 98
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Pauline Roussel CEO at Coworkies and Co-author of “Around The World in 250 Coworking Spaces” | Driving Collaboration: How Coworking Spaces Foster Connections in Work Communities

Allwork

And I’m referring to your co working book, which is a fantastic book called around the World in 250 Allwork.Space. And what’s really interesting about those is that usually the coworking space provides the latest technology in terms of material, which, for instance, in the cooking industry is quite expensive.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. Does the business provide all necessary tools or equipment or does the worker provide their own tools? What is a 1099? Federal income taxes withheld.

Payroll 52