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8 Crucial Tax Filing Tips For Freelancers

Allwork

who earn freelance income face confusing tax guidelines and difficult requirements for filing your own taxes. . Identifying common freelance tax errors to avoid and employing a website/software that helps keep track of the numbers, such as Bench or FreshBooks , can help. . Contractors and other gig workers in the U.S.

Filing 310
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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?

Filing 52
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Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. Those costs include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software.

Expenses 317
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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. Leveraging technology and software tools designed for tax management can make the process run without a hitch. While celebrating U.S.

Legal 263
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Evaluating the Effectiveness of Hybrid Work Models and Office Reintegration

Allwork

For instance, a study published in the National Bureau of Economic Review reported on a randomized control trial comparing the performance of software engineers assigned to a hybrid schedule vs. an office-centric schedule. But avoid software tracking programs, because the Owl Labs report finds that it causes 45% of employees to feel stressed.

Policies 306
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The New Tax Law: Freelancers Win on Taxes, Lose on Healthcare

Small Business Labs

This deduction also phases out starting at $157,500 of individual income and $315,000 of income for couples filing jointly. The repeal of the individual mandate will make health insurance more expensive and harder to get for those outside of traditional corporate insurance plans - meaning freelancers and the self-employed.

2018 184
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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.