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

Allwork

Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

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Optimizing the Hybrid Work Landscape for Tasks to Do at Home

Allwork

Office presence should be for a compelling purpose that surpasses the notable expenses, in terms of time, finances, and stress associated with commuting. For those workers lacking a quiet, comfortable home office, employers should offer alternative workspaces, either in company-owned offices or coworking spaces.

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

Allwork

Sole proprietors report their business income and expenses on their personal tax returns, simplifying the tax filing process, and there are fewer ongoing compliance obligations compared to other business structures. According to a report published by the Pew Research Center , “Roughly three years after the COVID-19 pandemic upended U.S.

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Industry: the art of working from anywhere

Workplace Insight

(Research from the Hamilton Project at the Brookings Institution, August 2023) Even before the global lockdowns flexibility was already a feature in the workplace: 20 years ago, people were putting flexibility and personal development above salary. on their lunch breaks, walking in the park, on the school run, on a beach, in a leisure centre.

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The Workforce is on the Move…and so is Compensation

Bonnie Low Kramen

The “traditional” Monday through Friday, go into the office, that is. The truth is, that even before the Covid-19 pandemic that sent thousands home to create in-home offices in March 2020, the workplace was already – quite literally – in motion. Conversely, Reddit has announced all U.S. geographic pay policy.

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Is a post-COVID remote work policy right for you?

BMT Office Administration

FlexJobs’ survey of more than 2,100 employees who worked from home during the pandemic found that 51% reported being more productive while working remotely. 95% reported that productivity was higher or the same while working remotely. 65% of remote workers report working more hours than they had while working in the office.

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Are You Covering All Expense Bases?

Step It Up VA Coaching

Any money you spend to run or grow your business must be paid for somehow, and not necessarily out of your own salary. Consider the expenses you incur in these areas: Rent/Mortgage: If you rent or lease an office space, be sure you can easily cover that, and any additional fees that are involved (maintenance, snow removal, etc.)

Expenses 100