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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. Generally, the expenses involved in operating your business or side hustle can be tax-deductible. Becoming your own boss can change your life for the better.

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Your Roadmap to Effective Office Systems

All Things Admin

Many believe that the terms “procedures” and “systems” are interchangeable, but that’s not exactly true. Procedures show you, step-by-step, how to perform a specific task – for example, completing an expense report or submitting a check request. Systems have many benefits. A good system is documentable, sharable, and repeatable.

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Control Expenses – Automate Process Through Workflow Software

Small Business CEO

Organizations typically rely on a combination of major systems and manual transactions that are done off system. Few have a reliable, quick way of accessing the history of transactions, approval processes and communication between departments that span the various systems. Many of us have compliance requirements as well.

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The Operational Case for Getting an EA for Your CEO

Worxbee

Scheduling their own meetings, booking their own travel and accommodation, filing reports and managing their own inboxes are just some of the tasks that should be filed under “not the best operational use of time.” A documented, repeatable system means someone else can do it too (and EAs are great at setting up processes!).

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Which tasks should assistants manage?

Practically Perfect PA

Deciding which documents their executive should read (assistants should schedule time in the Executive’s diary for catching up on paperwork / reading etc), forwarding documents to other members of staff as appropriate or filing information for a later date. Purchase orders, invoices and expenses. Administrative systems.

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Little Green Footsteps

Eco-Office Gals

There are examples of organizations who have successfully eliminated unnecessary paper waste in their organization by digitizing key business processes, such as the mail room, accounts payable, expenses. Think about your own organization and how many paper based systems you still.

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Finance for Recruitment Entrepreneurs

Recruit CRM

Profit & Loss Statement: Unlike the balance sheet with is a record of assets and liabilities on a given date , the profit and loss statement is computed for a specific period (Monthly, quarterly, yearly) and is a statement of revenues earned by the company and the expenses made(to earn that revenue). Expense) in $. Travel Expenses.

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