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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 264
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5 Long-Term Financial Goals and How to Achieve Them

Success

Send your children to college Expected time: 17-25 years Account types: 529 plans, Coverdell Education Savings Account (ESA), custodial accounts, brokerage accounts, high-yield savings accounts , Certificate of Deposit (CD) Welcoming a new child into your family is an exciting step, but it can also be expensive.

Goals 288
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A Third Way to Classify Workers Gains Momentum

Small Business Labs

The passage of Prop 22 means that firms like Uber and Lyft can legally classify their drivers as contractors instead of employees.  Most countries refer to them as "dependent contractors" and they get some, but not all, of the benefits and legal protections associated with being a traditional employee. But the U.S.

Legal 207
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How to Start a Nonprofit Organization In 5 Simple Steps

Success

Donors asked if they can deduct the cost of the donated items on their tax return, and a few people suggested you make your project legal by filing for nonprofit status. Some organizations with income less than $50,000 can file Form 990 E-Z or Form 990-N , a short electronic form also referred to as an “e-postcard.” “The

Filing 162
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Uber Grants U.K. Drivers "Worker" - But Not Employee - Status

Small Business Labs

which has two worker legal classifications - self-employed and employee - the U.K. legal battles are not over. .  legal battles are not over. Uber is applying the minimum wage requirement "after accepting a trip request and after expenses." drivers as "workers."   Unlike the U.S.,

Legal 181
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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

Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later. Also, you’re legally obligated to retain these records for at least one year by the EEOC. That means there aren’t any crucial files that you must include by federal or state law.

Filing 52