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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.

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Reducing Overheads Can Save A Business | THE SMALL BUSINESS BLOG

The Small Business Blog

The term ‘business overhead’ refers to the general cost of running a business; this can include carrying an inventory, supplies, staff and premises. Is it possible that you could conduct your business from a home office? But if these overheads can be reduced, small business success can be made easier.

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