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

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.”

Legal 261
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

The IRS is now encouraging businesses that filed ERC claims to re-examine their eligibility and, if necessary, withdraw the claims via the ERC Withdrawal Program. This includes income tax returns, Forms 941 and 940, and information returns. This includes income tax returns, Forms 941 and 940, and information returns.

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21 Ways to Read More Books

Success

Additionally, reading regularly has the potential to improve mental health and increase relaxation and empathy. You must first decide what information, knowledge, entertainment or skills you want to extract from the books you read this year, or else you’ll quickly become overwhelmed. Read books that inspire you. “We

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4 Smart Money Moves to Plan for Financial Security

Success

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. In 2021, that limit is $140,000 for individuals and $208,000 for married people who file their taxes jointly. Create an emergency fund, but don’t abuse it. It’s basically free money.

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Retrieve Your Files With Ease

Professional Assistant Blog

Home About Me Advertise Retrieve Your Files With Ease By The Professional Assistant on Wednesday, November 05, 2008 Filed Under: MS-Access , MS-Excel , Organize , Productivity D o you have quite a bit of filing to do? B eing able to retrieve the data is more important than an organized alphabetized file drawer.

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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. 1099 vs W-2 filing requirements and procedures. What is a W-2?

Payroll 52