Remove 2021 Remove Filing Remove Retirement
article thumbnail

4 Smart Money Moves to Plan for Financial Security

Success

They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

article thumbnail

What Is a Brokerage Account and Do You Need One?

Success

They function similarly to a retirement account, like a 401(k) or Roth IRA, but instead of being tax-advantaged, as the retirement accounts are, brokerage accounts are taxed as income under capital gains. . 0055) in interest (as of July 19, 2021). Knowing the details upfront can save you a lot of headaches later on.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You Should Start Your Own Business Today

Success

According to the Census Bureau , over 420,000 business applications were filed in May 2022 alone. in 2021, nearly 13 million more than the year prior. Additionally, an increasing amount of people are deciding to start their own businesses. 6 benefits of entrepreneurship. A life of greater impact. A second career.

article thumbnail

Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

In May of 2021 that number jumped to 78%. . Age discrimination occurs when a manager or boss treats an applicant or employee less favorably due to their age, which applies to younger people with less experience as well as older people who are close to retirement age. Does my supervisor think I want to retire?

article thumbnail

Employers Beware: There Are Rising Legal Risks Of Rigid RTO Policies

Allwork

The Equal Employment Opportunity Commission has observed a 16% increase in such charges between 2021 and 2022, particularly for conditions like anxiety, depression, and post-traumatic stress syndrome. This trend is indicative of a broader challenge where mental health disorders have become a prominent reason for disability complaints.

Legal 299
article thumbnail

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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. Form W-2 filing requirements.

Payroll 52
article thumbnail

Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

The IRS has introduced new online tools with the hope of extending a more customer-friendly face this filing season. Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g., Interactive tax assistant.

Payroll 52