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5 Long-Term Financial Goals and How to Achieve Them

Success

The timeline of a long-term goal generally isn’t strict, giving you plenty of time to review and adjust your goals as you go. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

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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. Start by reviewing your tax bill from last year and add a buffer to account for any additional income you’ll earn this year.

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How to Define and Plan for Financial Freedom

Success

Just put everything you see in your mind’s eye on paper so that you can refer to it later. Many personal finance experts will tell you to take your current monthly expenses, add 4% to the overall number for inflation, and then multiply that by 25 or 30 in order to reach your financial independence goal. Maybe you workout at 10 a.m.

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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. encourages employers to provide retirement plans by offering tax incentives and credits. How does it do that?

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The Female Economy

Small Business Labs

When we reference organizations that have provided us funding in the last year we will note it. Every body acknowledges that men's life is very expensive, however some people need cash for different issues and not every person gets enough money. This prevents automated programs from posting comments. View an alternate.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. What is a 1099? Federal income taxes withheld.

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Disruption and the Analyst Industry

Small Business Labs

When we reference organizations that have provided us funding in the last year we will note it.   First off, this is a business expense so my after tax cost is quite low.  If we mention a product or service that we received for free or other considerations, we will note it.   Second, the GigaOm folks know their stuff. 

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