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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. While celebrating U.S. Part of that process starts with taking notes on how you work, for how many hours, and from where.

Legal 264
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Do I Need to Buy Life Insurance?

Success

The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors. To calculate how much insurance to buy, some experts recommend multiplying your salary by eight. Others say to multiply your annual salary by the number of years you have before retirement.

Policies 264
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Hybrid Work: It’s Not a Revolution, it’s a Revelation

Allwork

With this new purpose comes new expectations for a space that not only meets adapted workplace needs, but after living through a time where we all pressed pause and reflected on what is important in life, also focuses on the health and wellness of its workforce. Office design must account for the priority reset brought forth by the pandemic.

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Who’s Stuck With The Bill?

Allwork

There are also some countries and cities that are legislating reimbursements for remote work costs and putting the onus on employers to ensure health and safety for remote workers. You’ll also most likely need some office stationary like files, paper, pens and staplers.

Expenses 317
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The Four Horsemen of the Mandated Return to Office

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23, that all salaried employees would have to return to the office three days a week. It also includes many rank-and-file staff, with publications featuring the stories of employees who quit rather than returning to the office for 3-5 days per week. GM announced in a message on Friday, Sept. Mentoring initiatives .

2022 342
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. It’s unlikely it will postpone releasing the final regs for yet another filing season. These regs will scoop up smaller employers into the e-filing net.

Payroll 52
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Are your employee pay profiles correct? It’s time to check

BMT Office Administration

But what you pay and what you deduct from an employee’s salary depends on their profile—their basic demographic information, their W-4s, their Social Security numbers, their work state, and their home state. But doing this would have left him with a negative deduction for health insurance.

Salary 52