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

Allwork

If you work as a freelancer or engage in work similar to the 16% of Americans who earned money from an online gig platform in 2021 , then there are multiple avenues to explore when bracing for next tax season. There is no legal distinction between the owner and the business.

Legal 261
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The Perils Of Ignoring Sexual Harassment Training

Allwork

Currently, 36% of organizations do not provide any form of anti-harassment training, despite all the evidence that sexual harassment can seriously harm a company’s reputation (let alone the harm it causes to the victims). . As of 2021 , only 17 U.S. Sexual harassment at work can include bullying, coercion and unwanted physical contact.

Training 261
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A Noncompete Clause Ban Is on the Table—Here’s What Employees Should Know

Success

President Joe Biden issued an executive order in 2021 calling on the FTC to ban or limit noncompete agreements, and this January, the commission proposed a new rule to prevent employers from entering into new noncompete clauses and to rescind existing ones. But change could be on the horizon.

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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. In 2021, that limit is $140,000 for individuals and $208,000 for married people who file their taxes jointly. You’re probably wondering how much to save for this purpose.

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Women far more likely to have disadvantageous flexible working arrangements

Workplace Insight

The TUC report suggests that flexible working can take lots of different forms, including working from home, job sharing, compressed hours, part-time and term-time working. But other forms of flexible work, like home working and compressed hours, mean workers can continue to work full-time and not lose hours and therefore pay.

Forms 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
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Reimagining the Workplace with Phil Simon: Hybrid Models and Beyond

Allwork

It’s always been with us in some form or another, just about. million small businesses I think got started in 2021 or 2022, according to the Bureau of Labor Statistics. It’s the time that kills people and it’s angry about it’s a waste and it’s a huge cost on people. I think we’ll see it.

AT&T 246