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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. Firstly, it is the simplest and least expensive form of business to set up and maintain. While celebrating U.S.

Legal 263
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4 Smart Money Moves to Plan for Financial Security

Success

This goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. 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. For me, this is collecting limited-release sneakers.

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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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New Year’s Resolutions by Enneagram Type: Which Number Are You?

Success

It can also come at the expense of family time. Whether you work in a “no margin for error” profession like health care or spend your days leading a large organization, being compassionate and kind to yourself when you fail is actually the most efficient way to succeed. This article was published in January 2021 and has been updated.

Goals 299
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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. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. Form W-2 filing requirements.

Payroll 52
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11 Things Organized and Productive People Do Every Day

Success

office professionals surveyed agreed that they spend more time searching for documents and files they need than responding to emails and messages,” according to a 2021 survey conducted by Wakefield Research for Elastic. 54% of U.S. An organized person works from a single to-do list. Why were those planners effective?

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