article thumbnail

Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. Those costs include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software.

Expenses 317
article thumbnail

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

Allwork

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. Deductions and Allowances Freelancers have the advantage of deducting business expenses directly related to their work.

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. That way, you don’t have to worry about your grocery expenses getting mixed up with your office rent come tax time.

Filing 278
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 264
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

12 Last-Minute Gift Ideas For Digital Nomads

Allwork

Some of the course subjects on offer include graphic design, web development, digital marketing, data science, life coach training, software engineering, science and tech, design and style, and business. . Accounting software subscription . Some examples of digital accounting software packages include FreshBooks and Bench.co. .

Gifts 290
article thumbnail

Jeremy Fennema – CTO and Founder of Fennema.io | How Emerging Tech is Reshaping Business Models and Workplaces

Allwork

We have artificial intelligence elements built into almost all the software that we use to run our company now. I noticed you’re working from your home office. I’m in my home office in my dark dentist. It’s very expensive. Work life balance driven for an awful lot of people.

AT&T 279