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

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Self-employed workers, freelancers, and digital nomads often receive income from various international clients. Tax season for this demographic will often involve a tedious, meticulous process of gathering financial records from different sources and potential international income streams.

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Preparing to Move Overseas? Read This First

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Before you move, here’s what you need to know about everything from establishing residency abroad to health care, taxes, visas and costs. Health care. health insurance may not cover you. While many countries have free public health care provided by the government, don’t expect it to kick in for you as soon as you arrive.

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

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According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.” ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

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8 Crucial Tax Filing Tips For Freelancers

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The Internal Revenue Service considers freelancers to be self-employed , so these gig workers have to file taxes as if they were a business owner. . Track your expenses and earnings during the year. Health insurance . Ensure that you know whether you are a freelancer, contractor, or full-time employee. Business insurance .

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4 Smart Money Moves to Plan for Financial Security

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This goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. If you’ve taken any kind of personal finance course, you probably know about the importance of an emergency fund to your overall financial health. For me, this is collecting limited-release sneakers.

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Experts Weigh in on 17 Investments for a Rich Life

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If you have international clients or want to grow your business internationally, learning other languages is a wise investment of your time and money. It’s more expensive than brown-bagging it or eating at the office cafeteria, but it pushes you to get outside and interact with other professionals.”. Speak their language. “If

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How Employers Can Support Employees Going Through Menopause at Work

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“The average age of menopause is 51 years and symptoms become prevalent up to 10 years prior to onset,” according to Catherine Hansen, MD, OB-GYN and telehealth MD at Pandia Health. It’s just one extra expense that I can’t really afford, but need!” Are you including your employees when forming related policies and programs?

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