article thumbnail

Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

article thumbnail

5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

Your client will also send a copy of the 1099-NEC to the IRS, so reporting every dollar is vital. Even if a client doesn’t send you a tax form, reporting the income is still important. Proving that you paid taxes on all of your freelance income, not just what was reported, can be helpful if you’re ever audited.

Filing 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Optimizing the Hybrid Work Landscape for Tasks to Do at Home

Allwork

Today’s management has the task of deciphering how best to optimize productivity in a hybrid work setting by designating the ideal tasks for employees to undertake at home and what tasks require their presence in the office. Additionally, commuting incurs significant expenses.

Expenses 162
article thumbnail

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 263
article thumbnail

Are You Covering All Expense Bases?

Step It Up VA Coaching

As entrepreneurs/business owners, we take great care in setting rates, creating packages and tracking the hours we and our teams put in; but are our rates really paying for our expenses? Most VAs work from home offices. Are you really considering all the costs of running, and growing a business, as expenses?

Expenses 100
article thumbnail

Major new report offers snapshot of hybrid and remote work debate in the US

Workplace Insight

Owl Labs and Global Workplace Analytics have just released their sixth annual State of Remote Work report. Here are some of the key findings from the report: The push and pull of remote work continues. A minority have added smaller satellite offices or access to co-working spaces (13 percent and 14 percent respectively).

Stress 98
article thumbnail

5 Productivity Products and Services to Boost Company Morale

Success

record in 2022 , reporting they’ve sold Apple watches to 30% of iPhone users—an unprecedented success rate. It has pages and calendar months to log events and expenses. Here’s what products and services to look into at your next budget meeting to give your space and processes a pick-me-up.

Verizon 312