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

Allwork

If you work as a freelancer or engage in work similar to the 16% of Americans who earned money from an online gig platform in 2021 , then there are multiple avenues to explore when bracing for next tax season. There is no legal distinction between the owner and the business.

Legal 264
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4 Smart Money Moves to Plan for Financial Security

Success

The recommended emergency fund amount to save for is three to five months of living expenses (think rent, utilities, phone bills, and so forth) in some form of cash. In 2021, that limit is $140,000 for individuals and $208,000 for married people who file their taxes jointly. You’re probably wondering how much to save for this purpose.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
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Lab rats – how the UK life sciences sector is struggling to find space to work

Workplace Insight

According to the Observatory of Economic Complexity, in 2021, Ireland exported a total of $212B, making it the 30th largest exporter in the world. Horizon Europe is the largest international research collaboration scheme in the world. It is estimated that two-thirds of all life sciences startups in Europe are formed in the UK.

Medical 59
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10 Positive Ways How Recruit CRM Has Been Changing The Recruiting World

Recruit CRM

To measure internal processes with pinpoint accuracy, you need advanced reports. With the option of custom fields, hiring stages, forms, and so on, headhunters can literally make the software a piece of their own brand. Any form of discriminatory behaviour is unacceptable and should be dealt with right at the root level.