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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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It can also make things more complicated when it comes to filing taxes. As a freelancer, it’s essential to ensure you know what to expect, so you don’t accidentally wind up with a huge tax bill. Keep reading for tips for how to do taxes as a freelancer and make filing this year a little easier.

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8 Tools To Help Build An Efficient Asynchronous Workflow

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At the Zoomtopia 2023 event , the company unveiled its vision for the future of work, which places an emphasis on hybrid collaboration and new AI-driven enhancements for its software. The software is a scheduling automation platform designed to streamline the process of setting up meetings and appointments. increase year-over-year.

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Applying for a W2 e-filing waiver

BMT Office Administration

This gives us more time to explore W-2 issues, which, based on questions we’ve been encountering, are beginning to trip up employers. Today’s inaugural edition is focused on applying for a waiver from filing electronically. Who must file electronically? You can print these forms and furnish them to employees.

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IRS releases e-filing waiver guidance

BMT Office Administration

Final regulations implement the Taxpayer First Act by requiring you to e-file all your information returns—your W-2s, 1099s, 1095s, and other information returns—if you’re filing a combined total of at least 10 returns, beginning with returns filed next year. This is a new standard.

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Is Your Workspace a CMRA? Prepare Now For Big Compliance Changes

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Importantly, centers will soon be tasked with ensuring that every client record is kept up to date, including client IDs. If yes, then listen up. Centers will also need to be responsible for keeping their own and their clients’ documentation and IDs up to date. Big changes in mail handling compliance are coming your way.

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SEP IRA: What You Need to Know About This Retirement Plan Option

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Because SEP IRAs require employers to make all the contributions, this form of individual retirement account is generally best for the self-employed or small business owners with only a few employees. Unlike other retirement plan options, there are no filing requirements or expensive fees to maintain a SEP IRA. It has low admin costs.

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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.

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