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

Allwork

According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.” ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. taxation.”

Legal 264
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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. Form 1023 is the application needed to apply for section 501(c)(3) status. The cost to file Form 1023-EZ is $275. Is there a big enough need for your services?

Filing 162
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Preparing to Move Overseas? Read This First

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Once you become a legal resident, you can sign up for the national health care in your new country. You can (or may need to) purchase international insurance. The easiest—although probably the most expensive—route is to purchase international health insurance from a company such as Cigna, GeoBlue or Aetna.

Medical 264
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When Nature Calls, Boston Harbor Now CEO Kathy Abbott Answers

Success

Passion pays off The next stop in her career journey was as vice president of programs for The School for Field Studies in Beverly, Massachusetts, an international study abroad program. “I All the while, she kept receiving calls asking her to accept the role as president and CEO of the newly formed Boston Harbor Now.

2003 312
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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. Per the U.S.

Policies 105
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4 Smart Money Moves to Plan for Financial Security

Success

The recommended emergency fund amount to save for is three to five months of living expenses (think rent, utilities, phone bills, and so forth) in some form of cash. Disclosure: This material has been prepared for informational purposes only and should not be used as investment, tax, legal, or accounting advice.

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Benefits of outsourcing HR for small businesses

BMT Office Administration

Small businesses can outsource all of their HR operations, or just specific HR tasks that they don’t have the bandwidth to manage internally. HR service providers will have well-crafted, legally tested policy recommendations that can be customized for your business. This is helpful as HR needs can vary greatly for small businesses.

Payroll 52