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

Allwork

According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.” ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 263
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Preparing to Move Overseas? Read This First

Success

Before you move, here’s what you need to know about everything from establishing residency abroad to health care, taxes, visas and costs. Health care. health insurance may not cover you. While many countries have free public health care provided by the government, don’t expect it to kick in for you as soon as you arrive.

Medical 264
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4 Smart Money Moves to Plan for Financial Security

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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. If you’ve taken any kind of personal finance course, you probably know about the importance of an emergency fund to your overall financial health. For me, this is collecting limited-release sneakers.

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How to Name Your Business

Success

It’s far less expensive to name a company with a descriptive title and tagline,” Isen says. For example, someone thinking about using the word “synergy” to name their health consulting company ought to reconsider. Is it legally available? Trademark Database at USPTO.gov to see if the name is legally trademarked.

Legal 264
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Why Digital Nomads are Flocking to Mexico

Allwork

It’s unclear whether you’re legally allowed to work as a digital nomad in Mexico on a holiday visa. . You’ll also need to show proof of global health insurance that specifically covers you while in Mexico. . Famed for its miles of white sandy beaches and hotels, it’s also close to the international airport and readily accessible.

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It’s time to review (or create) your document retention policy

BMT Office Administration

Legal consult proves especially helpful in matters involving the organization’s litigation hold policy. Their advice places a legal hold on physical and electronic records that should not be deleted because of potential future use. When constructing your policy, examine legal and regulatory guidelines.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. The second action opens up the company to potential legal and regulatory problems. Some types of business records, such as tax forms and legal documents, are relatively easy to spot.