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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense. Through the U.S.

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

While traditional employees typically have taxes withheld from their paychecks by employers, freelancers and self-employed individuals manage their own tax contributions. While traditional employees typically have taxes withheld from their paychecks by employers, freelancers and self-employed individuals manage their own tax contributions.

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Hybrid Work Expert Shares 3 Proven Ways To Boost Productivity

Allwork

A hybrid model will cut costs on real estate and in-office services and products when staff come in less frequently. While it feels nice to see each other more often to catch up, consider the following. However, if employees come in only once a week, they can reduce about 60-70% of expenses, which is a much greater deal.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

The intricacies of managing your tax information, including all the nuances of making sure you filed your tax information the right way, can feel overwhelming. Firstly, it is the simplest and least expensive form of business to set up and maintain. Freelancers may be interested in a sole proprietorship for several reasons.

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Optimizing the Hybrid Work Landscape for Tasks to Do at Home

Allwork

Today’s management has the task of deciphering how best to optimize productivity in a hybrid work setting by designating the ideal tasks for employees to undertake at home and what tasks require their presence in the office. concurred that home-based work enhances employee focus, 59.5% A staggering 76.5%

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. That way, you don’t have to worry about your grocery expenses getting mixed up with your office rent come tax time.

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Are You Covering All Expense Bases?

Step It Up VA Coaching

As entrepreneurs/business owners, we take great care in setting rates, creating packages and tracking the hours we and our teams put in; but are our rates really paying for our expenses? Most VAs work from home offices. Are you really considering all the costs of running, and growing a business, as expenses?

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