Remove Expenses Remove Management Remove Report Remove Retirement
article thumbnail

Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

Financial wellness programs can help alleviate financial stress and improve overall employee well-being by providing education, resources, and tools for effective financial management. They offer strategies for asset allocation, compounding interest education, and guidance on navigating retirement accounts such as 401(k) plans and IRAs.

article thumbnail

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

Allwork

While traditional employees typically have taxes withheld from their paychecks by employers, freelancers and self-employed individuals manage their own tax contributions. While traditional employees typically have taxes withheld from their paychecks by employers, freelancers and self-employed individuals manage their own tax contributions.

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 Financial Basics Everyone Should Know

Success

Managing your finances can feel overwhelming, especially if you’re trying to keep up with the latest budgeting software, personal finance app or investment hack and not just the financial basics. You might feel so swamped by all of the ‘advice’ that you avoid managing your own money. But that lead to problems in the future.

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
article thumbnail

71% Of Workers Experienced Financial-Driven Anxiety This Year

Allwork

In fact, 75% of respondents said that the current market has hindered their retirement savings, leading 28% to dip into these accounts for some expenses. Financial insecurity also ranges between genders, with 77% of women reporting related anxiety compared to 63% of men. .

article thumbnail

How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. And 85% of these HR leaders reported that financial wellness benefits are more important than even a year ago, the study found.

article thumbnail

Helpful Budgeting Tools to Keep You On Track

Success

Budgets can be hard to stick to, especially if you feel there is only one way to manage your money. Pick the right budgeting tool for the job As you think about the things that haven’t worked in the past, consider other areas of your life that you also have to manage, like grocery shopping. Why are budgets hard to stick to?

Budget 246