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

Allwork

” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. Firstly, it is the simplest and least expensive form of business to set up and maintain.

Legal 261
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3 Steps to Take Before Going Into Business for Yourself

Success

A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Before going into business for yourself, you should have an account set aside to save for these additional expenses. If you’re struggling to save money, take a look at your budget.

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Preparing to Move Overseas? Read This First

Success

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.

Medical 264
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Pregnant Workers Might Soon Have Accommodations Making It Easier to Work Up to Delivery

Success

Time is ticking: Advocates believe if Congress doesn’t enact the bill this month, a few key House Republicans will oppose it over lack of religious exemptions, according to a Politico report. . However, in a 2021 report , the organization argued that protection shouldn’t depend on where someone lives.

UPS 276
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A Noncompete Clause Ban Is on the Table—Here’s What Employees Should Know

Success

When Sara Davenport realized her workplace was making her miserable and taking a toll on her mental health, she faced a difficult dilemma. This may, in turn, help companies justify paying for costly training or other expenses to retain their workforce, she adds. Is a noncompete clause ban on the horizon?

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It’s time to review (or create) your document retention policy

BMT Office Administration

Legal consult proves especially helpful in matters involving the organization’s litigation hold policy. Their advice places a legal hold on physical and electronic records that should not be deleted because of potential future use. When constructing your policy, examine legal and regulatory guidelines.

Policies 105
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Also, you’re legally obligated to retain these records for at least one year by the EEOC. Employee performance records While it’s essential to include performance records to monitor and analyze your employee’s productivity — there’s no legal obligation here. health insurance, dental, vision, etc.).

Filing 52