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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

Consider keeping a spreadsheet with key details like the client name, project title, how much you were paid, and how much you set aside for taxes. Generally, the expenses involved in operating your business or side hustle can be tax-deductible. Do you have multiple clients or receive numerous payments throughout the year?

Filing 242
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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

I’m no stranger to setting lofty money goals : At 9 years old I became cognizant of the idea of college—a seemingly far-off milestone that my parents described as “important” and “expensive”—and decided I needed to proactively save money for my college education. Get familiar with your finances. One of my favorite tools is the “Money Date.”

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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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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

It provides provisions aimed at improving employee retirement outcomes and makes starting 401(k) plans more attractive and beneficial for employers – even those with 50 or fewer employees. encourages employers to provide retirement plans by offering tax incentives and credits. Home office expenses include printer paper, ink, and toner.

Payroll 52
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The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

Lysan Drabon, Managing Director Europe, Project Management Institute: “Talking about breaking down barriers to employment is not enough. We need to equip the workforce with the new skills that the economy needs. There was also some extra funding announced for SMEs to provide occupational health support.

Budget 98
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Does the business provide all necessary tools or equipment or does the worker provide their own tools? It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Are the business aspects of the worker’s job controlled by the business? Federal income taxes withheld.

Payroll 52
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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

Allwork

So it was people who were kind of like coming into a room to work on side projects that were mainly tech related. There are a few stories in the book from Vienna or from Berlin where they did partnerships with larger companies to equip the space. So that was what was called hacker spaces. And that’s really fascinating.