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

Allwork

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. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 265
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If you want a high paying job, remote work is now less of an option

Workplace Insight

According to the latest data from the careers website Ladders , the availability of remote positions with salaries exceeding $200,000 has seen a drastic reduction. The authors claims that, for those seeking the highest salaries, the current trend suggests that in-office work may be the more lucrative path.

Salary 64
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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Kenniston recommends searching for someone who is a fiduciary—in other words, someone who has a legal or ethical relationship to provide trustworthy advice. He says, at least initially, 20-somethings’ goals shouldn’t be top-tier salaries.

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Cost of living will become biggest challenge for HR over the next year

Workplace Insight

A new poll from employment law and HR consultancy firm, WorkNest , claims that 70 percent of HR professionals believe that the cost of living will be their most significant challenge for 2023. This was closely followed by retention (69 percent) and recruitment (55 percent).

2023 98
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US workers gain more freedom to change jobs as government bans noncompete agreements

Workplace Insight

“They will have more freedom to choose where they work and can expect to command higher salaries.” The rule is expected to take effect in four months but faces potential legal challenges. In 2023 alone, 38 states introduced bills aimed at restricting or banning noncompetes entirely.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Kenniston recommends searching for someone who is a fiduciary—in other words, someone who has a legal or ethical relationship to provide trustworthy advice. He says, at least initially, 20-somethings’ goals shouldn’t be top-tier salaries.

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Is the Flexible Working Bill a game changer or paper tiger?

Workplace Insight

A 2023 study across North America, Europe, Asia-Pacific, and Latin America revealed compelling results: 69% of employers observed increased retention after adopting remote work, with 57% stating it’s easier to hire and retain talent. Studies continuously prove the benefits that both employers and workers reap when going remote.

Salary 111