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

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It’s crucial for freelancers to closely and continually track their income and expenses, as this determines their net income, on which taxes are due. To calculate their taxable income, freelancers must first tally all their revenues and then subtract their allowable business expenses.

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Who’s Stuck With The Bill?

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The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. Those costs include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software.

Expenses 317
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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 goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. Pay off your debts by interest rate.

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Lessons From Past Recessions

Success

Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items. brokerage accounts, selling a second car or hobby equipment, potentially downsizing, etc.)? How much cash can I quickly access if needed (i.e.,

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This Digital Nomad Couple Sold Everything to Travel the World in a Sailboat—Here’s What They’ve Learned About Life, Goal Setting and Relationships

Success

Ellison and Darsy purchased Polar Seal in March 2016, but they didn’t hit the waters full time until June 2018. Whether launching a new business, leaving a toxic job for your mental health or, say, selling everything to live on a boat, the final moments are those most riddled with self-doubt. These are five of those lessons.

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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?

Finance 105
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Pauline Roussel CEO at Coworkies and Co-author of “Around The World in 250 Coworking Spaces” | Driving Collaboration: How Coworking Spaces Foster Connections in Work Communities

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And what’s really interesting about those is that usually the coworking space provides the latest technology in terms of material, which, for instance, in the cooking industry is quite expensive. There are a few stories in the book from Vienna or from Berlin where they did partnerships with larger companies to equip the space.