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

Allwork

Firstly, it is the simplest and least expensive form of business to set up and maintain. Sole proprietors report their business income and expenses on their personal tax returns, simplifying the tax filing process, and there are fewer ongoing compliance obligations compared to other business structures.

Legal 264
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7 Tips to Help You Plan for Retirement

Success

Where you live, the kind of car you drive, health care costs and travel plans, among other things, will drastically affect what you spend during retirement and, therefore, how much you’ll need to save. Use your current expenses and lifestyle to help you get a feel for what you might spend when you retire.

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Authentically Gen Z: The Values, Aspirations & Drivers That Will Re-Define The Future Of Work

Allwork

Let’s dive into the five key aspirations and drivers we’ve uncovered from this generation: Amenities, Benefits & Salary: A Shifting Mindset. Amenities, Benefits & Salary: A Shifting Mindset. Beyond pay, benefits such as paid time off, mental health days and activities that create a sense of community are essential for Gen Zers.

Salary 246
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How Much Does It Cost to Hire a Personal Assistant?

C-Suite Assistants

With tools such as email, voicemails, and mobile devices, you may wonder whether personal assistants are worth the cost. But without these jobs, many executives are left to create their travel plans, file expense reports, and schedule meetings. If a senior executive makes $1 million in salary, and her/his assistant makes $100,000.

Salary 52
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How to Manage Yourself When Making the Move to Self-Employment

Productivityist

You ideally need to make sure you have enough running costs of the business to run for 6 months as well as making sure you have enough to pay for living expenses. Make sure you get rid of unnecessary expenses and cut back on others, such as eating out or your weekly shopping budget Eliminate any money wasters such as unused subscriptions.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Here are some actionable tips that employers can take to help their employees prepare for economic downturns and unexpected expenses. Without simply increasing wages, what course of action can employers take to prepare their employees for economic downturns and unexpected expenses? Unfortunately, this just isn’t the case.

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5 Different Types of Retirement Plans You Need to Know About

Success

Tax-deferred retirement plans can include: Employer-sponsored retirement plans such as 401(k), 403(b) and 457 accounts Traditional Individual Retirement Accounts (IRAs) Qualified and non-qualified retirement plans Tax-deferred annuities Health savings accounts (HSAs) SEP IRAs SIMPLE IRAs Pros of this type of account It reduces taxable income.