Remove Expenses Remove Filing Remove Guidelines Remove Retirement
article thumbnail

8 Crucial Tax Filing Tips For Freelancers

Allwork

who earn freelance income face confusing tax guidelines and difficult requirements for filing your own taxes. . It’s confusing and difficult, for most people, to know how you’re supposed to file your own taxes when freelance income has been earned from one-time jobs or contract work. . Retirement contributions .

Filing 327
article thumbnail

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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. Form W-2 filing requirements.

Payroll 52
article thumbnail

Stay on track with this payroll compliance checklist

BMT Office Administration

The Fair Labor Standards Act ( FLSA ) provides clear guidelines on which employees may be classified as exempt vs. non-exempt. If you are unsure of how to classify someone for payment, refer to the Department of Labor’s guidelines on qualifying exemptions. They can then receive social security when they retire or become disabled.

Payroll 52