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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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It can also make things more complicated when it comes to filing taxes. Keep reading for tips for how to do taxes as a freelancer and make filing this year a little easier. Generally, the expenses involved in operating your business or side hustle can be tax-deductible. Becoming your own boss can change your life for the better.

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China Orders Pay Cap At State-Owned Financial Firms, Risking Attrition To Private Sector

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Both state-owned and private financial firms have since proactively lowered salaries and bonuses and discouraged the show of wealth such as by asking staff to avoid wearing expensive clothes and watches. Some senior executives at subsidiaries currently earn as much as 5 million yuan, stock exchange filings showed.

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EU To Face £370M Bill If WeWork Exits London Office

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However, after Brexit, the EMA decided to relocate 900 staff members to Amsterdam and sublet the office space to WeWork in 2019. The future of the building is now in question after WeWork filed for Chapter 11 bankruptcy in New Jersey on Nov. While the bankruptcy filing does not directly impact WeWork’s U.K. Organizations in the U.K.

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Wells Fargo Fires Employees For Faking Work Activity

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The employees, primarily from the bank’s wealth management division, were found to be using devices to create the illusion of active work, according to filings with the U.S. In 2018, the bank fired over a dozen employees for manipulating time stamps on receipts to claim expenses for food deliveries outside the permissible timeframe.

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WeWork CEO David Tolley Steps Down, Cushman & Wakefield’s John Santora To Take Over

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The company once expanded rapidly but suffered massive losses due to expensive leases and a sharp decline in demand caused by the COVID-19 pandemic, which ultimately led to WeWork filing for bankruptcy protection in November 2023. This signals a fresh start for the firm once hailed as the most valuable U.S. Last month, a U.S.

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

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While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. Firstly, it is the simplest and least expensive form of business to set up and maintain. While celebrating U.S.

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SEP IRA: What You Need to Know About This Retirement Plan Option

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Unlike other retirement plan options, there are no filing requirements or expensive fees to maintain a SEP IRA. SEP IRA contribution limits for 2023 One of the benefits of a SEP IRA is the amount that can be put away for retirement. The SEP IRA has one of the highest 2023 contribution limits of any retirement plan.