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

Allwork

Here’s a guide of basic definitions and tips to help you through a more simple tax season: Tax Obligations for Freelancers Freelancers/independent contracts act as their own employers and employees, which means they are responsible for paying both income taxes and self-employment taxes. for Medicare with no income limit, according to the IRS.

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Small business tax credits and deductions you should know about

BMT Office Administration

Snag: There are at least 24 different definitions of a small business in the tax code (we counted!), IRC § 179 deduction for depreciable business assets Normally, when you buy a piece of office equipment, you must depreciate it over the number of years of its useful life. For 2023, you can deduct up to $1.16

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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In For instance, the fiscal year is often the period used to measure revenue, profit, expenses, debts, and more. The good news?

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Does a Virtual Office Address Help Your Branding?

Small Business CEO

A Virtual Address definitely helps you to improve your branding efforts. Also, when a business does have a great office location and it comes time to expand into new areas; lease expenses, among other things can become a huge hurdle. I haven’t even mentioned the need for office equipment, furniture, utilities and maintenance yet.…

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The Operational Case for Getting an EA for Your CEO

Worxbee

Justifying the cost of an executive assistant Like most expenses in a business, a justification will usually be required for the expense of an executive assistant. Note: This is definitely not to make some kind of statement about the relative competence of the CEO, but to show that they’re expected to take on too much.

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How to Make Your Workplace Greener

Eco-Office Gals

Though they may be harder to implement, due to the requisite approval from your employer(s), they are definitely worth being mindful of; this article outlines a few ways in which improvements can be made. Equipment you may consider replacing includes: CRT monitors: replace with LCD monitors (lower power consumption).

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How to Design an Office that Is Eco-Friendly

Eco-Office Gals

When designing and eco-friendly office, there are many things to think about, including location, features, equipment, usage and more. While management should be bottom up, building design should definitely be top down. While they are more expensive than other roofs to install, they are incredibly beneficial.

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