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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 242
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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

Are there special reporting requirements? More practically, cancel the deceased employee’s company email and security card, and retrieve their company-issued cell phone and laptop. health, dental, vision, retirement) and involuntary deductions, like garnishments. On the final W-2, report all wages up until death.

Payroll 52
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8 Crucial Tax Filing Tips For Freelancers

Allwork

When you’re self-employed as a freelancer or contractor, you are in charge of reporting your earnings to the IRS, as well as getting your taxes accurately filed and paid. . Retirement contributions . Office and work supply costs, including cell phones and internet . An office in the home . Business insurance .

Filing 321
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The Best Client Retention Strategies to Use Now

Success

Depending upon your business style and structure, follow-ups may involve a personal visit, phone call, email, text or an online survey. In fact, according to a 2021 Coresight Research survey, 43% of companies using a corporate gift strategy reported improved client loyalty, among other benefits. Solicit feedback at every opportunity.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

Debt is a normal part of most people’s personal finances—according to the Consumer Credit report released by the Federal Reserve, in February 2022 Americans had $4,481 in debt on average. Consider charging recurring payments such as a phone or utility bill onto your credit card. Plan for retirement. Break free of debt.

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Hired as C Suite EA and role description reads like an Office Assistant – Ask an Admin

Office Dynamics

I was lucky enough (or so I was lead to believe) that the role I was hired for almost 2 yrs ago was for a fast-growing local company that within the next 3-5 yrs will have a complete C Suite overhaul of new leaders due to retirements. The c suite leader who hired me and I report to, I don’t do ANY work for.

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Non-Mortgage Debt and Working in Retirement

Small Business Labs

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses?   We posted on Tim Berry's un-retirement last week.