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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. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 264
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Is Your Workspace a CMRA? Prepare Now For Big Compliance Changes

Allwork

Under a new regulation published January 12, 2023 , centers will submit client information to a centralized online database rather than rely on paper forms. Once they have submitted this form, the center becomes a commercial mail receiving agent, or CMRA. When is this happening? But don’t panic.

USPS 246
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Rejection of flexible working request shouldn’t blind employers to their legal duties

Workplace Insight

This is what happened in Wilson v Financial Conduct Authority 2302739/2023. The Tribunal also said remote working doesn’t always allow individuals to observe or respond to “non-verbal communication which may arise outside of the context of formal events but which nonetheless forms an important part of working with other individuals”.

Legal 69
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Employee Perk or Productivity Secret? Corporate Wellness Programs Deliver on Both

Success

A 2023 report from Gitnux reveals that more than half of U.S. This happens in the form of vouchers, where employees are able to use credits, money or other systems to apply toward included or approved programs and initiatives. businesses currently offer these programs. Instead, they’re letting employees choose for themselves.

Health 201
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Is the Flexible Working Bill a game changer or paper tiger?

Workplace Insight

The Employment Rights Act 1996 has continuously evolved – the Employment Relations (Flexible Work) Bill alters and extends this act in its current form. Leadership, technology, legal frameworks all have been widely discussed by experts – the leap has never been easier.

Salary 111
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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?

Payroll 52
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Lab rats – how the UK life sciences sector is struggling to find space to work

Workplace Insight

In November 2023, plans to turn part of a golf course next to a motorway into a £340 million science park were refused by South Oxfordshire District Council. It is estimated that two-thirds of all life sciences startups in Europe are formed in the UK. The developers are expected to appeal.

Medical 59