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

Allwork

.” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. LLC: An LLC, or Limited Liability Company , is an appealing legal business structure for freelancers.

Legal 264
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The Workforce is on the Move…and so is Compensation

Bonnie Low Kramen

The “traditional” Monday through Friday, go into the office, that is. The truth is, that even before the Covid-19 pandemic that sent thousands home to create in-home offices in March 2020, the workplace was already – quite literally – in motion. LEGAL CONSIDERATIONS. Pay Equity Laws by State: [link].

Salary 97
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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

Office expenses and supplies Paul Miller, managing partner and CPA at Miller and Company, LLP in New York, says amidst the complexities of the tax code, this write-off is often overlooked. Educators can claim up to [$300] for classroom-related expenses, while student loan interest deductions offer relief for borrowers. 223(d)(2)(D).

Expenses 206