Remove 2023 Remove Forms Remove Retirement
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SEP IRA: What You Need to Know About This Retirement Plan Option

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Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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With a traditional job, all you need to file your taxes is your W-2 tax form at the end of the year, showing what you made and how much you had withheld for federal and state taxes. With freelancing, you’ll likely have multiple clients, each sending you a 1099-NEC form (previously a 1099-MISC) showing what they paid you.

Filing 276
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Defining The Future Of Work: Key Terms To Know For 2023

Allwork

The process of designing your optimum lifestyle and, rather than waiting for retirement to enjoy a more flexible or luxury lifestyle, to do it in the present. The post Defining The Future Of Work: Key Terms To Know For 2023 appeared first on Allwork.Space. Lifestyle Design .

2023 340
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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although it might sound tedious, dedicating a little time to checking in on your bank statements, confirming you’re saving enough for retirement and reviewing the financial goals from the beginning of the year can help ensure you are on the right track. Let’s say you saved $500 in the first quarter of 2023 and have $4,500 left to go.

Goals 304
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The Budget Roller Coaster

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Sixty-four million Americans freelanced in 2023, whether full time or for gig work, according to an Upwork study. Freelancers face irregular income, a lack of employer-supported benefits, such as a retirement plan and health insurance, and shouldering the full federal income tax burden.

Budget 246
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What Are I Bonds and Should I Buy Them?

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As of May 1, 2023, the combined rate is 4.30%. It will remain that until November 1, 2023, when the Treasury Department will adjust the rate based on the economy and inflation reports. Paper bonds must be purchased with your Federal tax return using a particular form. I bonds earn interest monthly. Be sure to do your research.

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Climate Protection Could Soon Be Part of Your Employee Benefits Package

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From 2018 to 2022, 89 extreme weather events caused more than $1 billion in damage, which averages out to one every three weeks, according to the 2023 U.S. This has taken the form of specifically scheduled paid time off, which enables workers to get ready for potential dangers and safely evacuate.” National Climate Assessment report.

Health 263