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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

It can also make things more complicated when it comes to filing taxes. Keep reading for tips for how to do taxes as a freelancer and make filing this year a little easier. This way, you can label or tag a file or email, making searching for a specific transaction or dollar amount easier. There are multiple tax tips out there.

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Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. There are various models that companies are using to cover these costs of working remotely. What are the costs associated with working remotely?

Expenses 317
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Optimize Office Efficiency by Regularly Maintaining Equipment

Eco-Office Gals

You can help to reduce these costs by regularly maintaining your equipment. What effect does maintaining equipment have on your energy costs, and how can you set up a regular maintenance schedule to keep your equipment more efficient? Running a business or even maintaining an office can be a costly proposition.

Equipment 100
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8 Ways a CPA Provides Value for Your Business

Small Business CEO

New business owners often try to cut costs by assuming a do-it-yourself stance, taking on tasks for which they may not be fully equipped. If you haven’t previously used a CPA, you may think that all they do is general bookkeeping and preparing and filing taxes. How a CPA Can Help Your Business. How a CPA Can Help Your Business.

Equipment 105
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Small business tax credits and deductions you should know about

BMT Office Administration

And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. Remaining costs are written off using the appropriate depreciation schedule. Congress routinely showers small businesses with tax preferences.

Payroll 98
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4 Smart Money Moves to Plan for Financial Security

Success

Maybe you dream of attending drama school one day or purchasing recording equipment to help with your podcasting side gig (don’t we all?). This is because many financial decisions are based on opportunity cost, and you can’t guarantee you’ll have this kind of return on your money if you invest it somewhere else instead of paying off the debt.

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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