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

Allwork

” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. Firstly, it is the simplest and least expensive form of business to set up and maintain.

Legal 261
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What electronic record-keeping software best fits your needs?

BMT Office Administration

Using electronic record-keeping software to organize and store records in an electronic format can help you better organize your documents and stay compliant with recordkeeping best practices. Here’s what you need to know about making the switch and finding the right electronic record-keeping software tool. Saving time. EDMS and ECM.

Filing 98
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Underwriting employees’ educational expenses tax-free

BMT Office Administration

You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job. Sounds like tax-free education is expensive, doesn’t it? Time for some tax ed.

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Andrew Filev Founder Of Wrike | Reclaiming Lost Productivity & Improving Workplace Culture

Allwork

This inspired him to create a new software category, which is now a multi- billion-dollar industry. What you’ll learn How modern companies are utilizing work management software to become digital and increase productivity. And I was responsible for all software delivery. It is a multibillion-dollar software category.

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Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

The main issue for payroll , he said, is knowing where your remote employees are working because you are required to withhold those states’ taxes under the legal concept of nexus—states may tax income earned within their borders. The process should include Payroll , the tax department and your legal department. The future of wages.

Payroll 52
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Finance for Recruitment Entrepreneurs

Recruit CRM

For the purpose of finance, your company will be treated as a separate legal entity, i.e. separate than the promoter (or shareholders). So if you have billed a total of $40000 for five placements in a particular month and have one employee and some regular expenses then your profit and loss statement will look like this-. in Finance.

Finance 52
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An Admin’s Cheat Sheet to Business Terminology

All Things Admin

P&L – Profit & Loss: This is a financial statement that shows the revenues, costs, and expenses of a company over a particular period of time. Margin – This is profit from a product or service after all expenses have been covered. It is calculated by dividing the net profit by the investment cost.