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

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.” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. LLC: An LLC, or Limited Liability Company , is an appealing legal business structure for freelancers.

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Do Women Need to Save More When Planning for Retirement?

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According to 2022 data from the National Women’s Law Center , 27.9% Negotiate for a higher salary. Not only does getting a higher salary mean you can contribute more to your retirement accounts, but your Social Security payment is based, in part, on your highest 35 years of earnings. Nearly 6 in 10 part-time workers are women.