article thumbnail

Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. Those costs include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software.

Expenses 317
article thumbnail

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

Allwork

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. This requires careful financial forecasting and discipline to avoid underpayments, which could result in penalties.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Allwork

This can include various forms of earnings such as salaries, wages, bonuses, commissions, self-employment income, and professional fees earned by entrepreneurs or self-employed individuals operating internationally. Leveraging technology and software tools designed for tax management can make the process run without a hitch.

Legal 264
article thumbnail

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
article thumbnail

How We Need To Adjust To The Future Of Work – A personal interview with Bonnie Low-Kramen by Karen Mangia for Thrive Global

Bonnie Low Kramen

Base salary is only one way to earn money. Higher Salaries & Other Monetary Incentives Caused by the Great Resignation ?—?In In addition to a fresh look at Job Descriptions and titles, leaders are raising salaries in order to retain high performers and attract new talent. Professional Development?—?Training

article thumbnail

4 Ways to Increase Your Chances of Finding Remote Work

On The Job

Census data show that more employers are letting workers set up home offices to get work done with 61 percent more workers considering home their primary workplace in 2009 compared with 2005. Salaries sometimes run 10 percent to 20 percent less than working on site. That's 93,000 new jobs posted and more than 1.8

article thumbnail

Defining The Future Of Work: Key Terms To Know For 2023

Allwork

With bossware, data from keystrokes, communication with colleagues, logins, and more are monitored by a software system accessible to managers. . A hybrid environment in which businesses can rent furnished office space, coworking space and meeting rooms, usually under short-term flexible agreements. Business Center .

2023 340