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8 Crucial Tax Filing Tips For Freelancers

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who earn freelance income face confusing tax guidelines and difficult requirements for filing your own taxes. . It’s confusing and difficult, for most people, to know how you’re supposed to file your own taxes when freelance income has been earned from one-time jobs or contract work. . Retirement contributions . ” .

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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It can also make things more complicated when it comes to filing taxes. Keep reading for tips for how to do taxes as a freelancer and make filing this year a little easier. This way, you can label or tag a file or email, making searching for a specific transaction or dollar amount easier. There are multiple tax tips out there.

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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. You can access the platform 24/7 from your phone, tablet or computer. If you already have a retirement account through your employer, check if that investment company also has a robo-advisor option.

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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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How to Choose a Financial Adviser

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Financial advisers can help you with much more than investing topics, including debt management and retirement plans. If you don’t have assets, children or significant debt, you might need to meet with an advisor periodically to ensure you’re on the right track with your retirement plans and brokerage accounts.

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The What, Who and How of Outsourcing… So You Can Let Go

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When Harry Hecht, an Orlando, Florida-based mentor with SCORE—originally named the Service Corps of Retired Executives—encounters business owners who are reluctant to outsource, he has them track their time. “I If it’s answering the phone, you should have a script. Some tasks are easy to do but also easy to hand off.

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Who’s Stuck With The Bill?

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This can include the cost of a dedicated work laptop, printer, phone and internet. You’ll also most likely need some office stationary like files, paper, pens and staplers. You may need to make your own pension or retirement contributions from your salary if your employer is not contributing towards that. .

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