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

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. Become a digital nomad The rise of remote work and the gig economy has made it possible for freelancers to embrace the lifestyle of a digital nomad.

Legal 263
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Do I Need to Buy Life Insurance?

Success

To calculate how much insurance to buy, some experts recommend multiplying your salary by eight. Others say to multiply your annual salary by the number of years you have before retirement. Store the policy documents securely, along with the rest of your estate plan and financial details, in a fireproof file box or other safe place.

Policies 264
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Do Women Need to Save More When Planning for Retirement?

Success

Negotiate for a higher salary. Not only does getting a higher salary mean you can contribute more to your retirement accounts, but your Social Security payment is based, in part, on your highest 35 years of earnings. Just don’t let your lifestyle negate your increase in pay. To qualify, you must be married, filing taxes jointly.

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Top Five Tips for Paying Yourself

The Small Business Blog

Salary and bonuses are taxed differently to dividends. Turbocharge Your Sales » « Previous Entries This entry was posted on Monday, February 1st, 2010 at 7:45 am and is filed under Business Checklists. If possible, get some advice from your accountant regarding the level of pay you plan on taking from the business.

2007 100
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Small Business world News Round-up - 2009/10/27

The Small Business Blog

Here’s how to tell if your salary is sound. « Five Tips on Preparing for a Growth Spurt Small Business World News Round-up – 2009/11/03 » « Previous Entries This entry was posted on Tuesday, October 27th, 2009 at 7:00 am and is filed under SME News Round-up. Do you earn what you should?

2009 100
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Reducing Overheads Can Save A Business | THE SMALL BUSINESS BLOG

The Small Business Blog

» « Previous Entries This entry was posted on Wednesday, June 30th, 2010 at 7:30 am and is filed under How to. Back in time I build my factory in China at nearly zero cost – steal building, low salaries and no debt, in depressed market this is the way to survive and succeed. lower overheads.

2010 100
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New Small Business Startup Idea: Virtual Import/Export Assistant.

The Small Business Blog

But remember you are working with small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants , you need to keep the price low for them. I am not her only employer though.

2007 100