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

Legal 264
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Some Companies Are Asking Employees to Pay for Training to Increase Buy-in. But Does It Work?

Success

These firms’ weapon of choice is ‘shadow’ student debt, or nontraditional forms of credit used to finance higher education and job training,” according to the report, leading to what they call “massive financial consequences if they exercise their right to find work elsewhere.” In both cases, there’s no cost to employees.

Training 243
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

That trend continued in 2021, with only 34% of small businesses applying for bank loans. In fact, ROBS is currently the most popular form of business financing in 2023. That’s why I’ve put together this beginner’s guide to business finance, so read on to learn the fundamentals of financing a business. Why is that? The good news?

Finance 105
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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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10 Candidate Sourcing Strategies That Recruiters Can Use This Season

Recruit CRM

Introduction Of An Employee Referral Program This 2021, the programs which should be credited for their constant hard work & spirit is employee referral programs. They can be of different forms such as Programming Challenges and they have built-in sourcing tools for employers and the option to sponsor challenges and contests of their own.

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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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10 Business Development Strategies For Agency Recruiters To Land The Finest Clients

Recruit CRM

Growing any form of business is always a challenge, and the best way to focus on growth is to have a clear plan and balance. Learn from experienced recruiters around you and get yourself signed up for a software that lets you measure every bit of your business with high-level reports. Always remember that data speaks for itself.