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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 265
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U.S. Court Rules That Uber Drivers Must Resolve Work-Related Disputes In Arbitration

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Circuit Court of Appeals – located in Philadelphia – ruled that Uber Drivers are bound by mandatory arbitration agreements when work-related disputes arise. The ruling means that Uber drivers are required to bring work-related legal disputes in arbitration, rather than allowing them to join class action lawsuits in court, according to Reuters.

Legal 244
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Underwriting employees’ educational expenses tax-free

BMT Office Administration

This can still be a great way to keep employees happy and up-to-date on skills. 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.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. He recommends identifying monthly core expenses and then identifying discretionary spending. “If People working in these professions don’t receive regular paychecks but have to contend with monthly expenses.

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5 Long-Term Financial Goals and How to Achieve Them

Success

Send your children to college Expected time: 17-25 years Account types: 529 plans, Coverdell Education Savings Account (ESA), custodial accounts, brokerage accounts, high-yield savings accounts , Certificate of Deposit (CD) Welcoming a new child into your family is an exciting step, but it can also be expensive.

Goals 288
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Hiring Internationally Doesn’t Have To Make Payroll Complicated

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This helps support our journalism. Learn more here. Having a good payroll service can make or break a company. If you don’t pay your employees, they leave. Remote Many payroll services can easily handle payroll and taxes for U.S.

Payroll 246
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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

In the same way that it’s important to have cash reserves for business expenses, put away some cash for personal expenses. years of cash to cover essential expenses and any “what-ifs.” When my husband and I started reviewing our expenses, we discovered just how much we spent eating out (much more than we thought!).

Budget 279