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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.

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

Allwork

Firstly, it is the simplest and least expensive form of business to set up and maintain. Sole proprietors report their business income and expenses on their personal tax returns, simplifying the tax filing process, and there are fewer ongoing compliance obligations compared to other business structures.

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5 Tips for Staying Productive When Working From Home

Productivity Bits

Keep business contacts, company records, invoices, important dates and reference materials in a centralized location that is well-organized and easy to access. Mixing work with family and leisure time can lead to disruption in the business and in the home life. Utilize technology to increase organization. Separate Work From Play.

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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. This refers to whether the worker can earn profits or incur losses through independent effort and decision-making.

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Dave Cairns SVP of CBRE |Unlocking Urban Potential: Repurposing Office Spaces for Sustainable Development

Allwork

So when we talk about returning to where we were from before the pandemic, we’re really actually referring to returning to something that was only 50% effective, give or take. I’m working on my home office today. I have an office that’s about 15 minutes away, a regular business office.

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

Stephanie LH Calahan

Evernote allows me to upload, add, bookmark, etc anything that I would like to store as a "note" for future reference. We were trying to figure out a way for my Associates and I to share files within my home office but also with my business partner that lives about 20 minutes away. LNM LOVES Dropbox! Find here: steph.bz/lQ9g91.

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Reducing Overheads Can Save A Business | THE SMALL BUSINESS BLOG

The Small Business Blog

The term ‘business overhead’ refers to the general cost of running a business; this can include carrying an inventory, supplies, staff and premises. Is it possible that you could conduct your business from a home office? But if these overheads can be reduced, small business success can be made easier.

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