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Why You Should Start Your Own Business Today

Success

According to the Census Bureau , over 420,000 business applications were filed in May 2022 alone. in 2021, nearly 13 million more than the year prior. The major investment in most self-owned businesses is the investment of one’s self in the form of time, focus and persistence. 6 benefits of entrepreneurship. A second career.

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4 Smart Money Moves to Plan for Financial Security

Success

They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

The IRS has introduced new online tools with the hope of extending a more customer-friendly face this filing season. Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g., But it’s not.

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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. Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. A 1099 is a form used to report non- employee compensation. What is a W-2?

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