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

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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?

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Why It’s Time to Retire the Term “Hybrid Work”

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An awareness of where and when work is done forms the basis of a flexibility strategy with appropriate space, technology and policies in place. . The word “hybrid” gets used a lot relative to workplace strategy, but it may be time to retire the term. . For example, “If I’m doing a real deep-thinking piece.

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Examining The Global Impact Of The Gig Economy Explosion

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In most of the regions analyzed by the report, more women were found to be participating in the online gig economy than they were in the general labor market. For example, in world regions like Sub-Saharan Africa, job postings for gig workers on the world’s largest digital platform grew exponentially by 130% from 2016-2020.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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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 Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. And 85% of these HR leaders reported that financial wellness benefits are more important than even a year ago, the study found.

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8 Crucial Tax Filing Tips For Freelancers

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When you’re self-employed as a freelancer or contractor, you are in charge of reporting your earnings to the IRS, as well as getting your taxes accurately filed and paid. . As an example, Bench is an online bookkeeping service that also has a tax resource hub. Retirement contributions . An office in the home .

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Preparing to Move Overseas? Read This First

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Have you decided to live the #beachlife or the #retired life or just the #offgridlife? File the right forms first. 1 thing you need to know before opening a bank account abroad is the report of Foreign Bank and Financial Accounts (FBAR). This is an annual form required by the IRS for anyone with assets abroad above $10,000.

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