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Using Coworking Spaces Can Lower Your Taxes — Here’s How

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Freelancers must manage both income and self-employment taxes, requiring diligent tracking of income and expenses to calculate taxable income accurately. Coworking space memberships are fully deductible as rent expenses for freelancers, but not for W-2 employees. While straightforward to read, it’s far less simple in practice.

Expenses 271
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Looking to Cut Costs? These Are 5 of the Best Items to Buy Used

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Many of us even bought new equipment to help us further explore our passions. Now that the world is reopening, others might be looking to sell items to help recoup their costs, which can mean a good deal on like-new or gently used items. Fitness equipment or sporting goods. Kids’ clothes and baby equipment. Used saves.

Clothes 317
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Leaders Turn To Real Estate To Offset Expenses, Refocus The Office’s Purpose

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According to the 2022 Refocus and Rationalize the Workplace study from FM:Systems, leaders are increasingly focusing on slashing their real estate costs over the next few years. . But it’s not just about cost savings — many business leaders realize that hybrid and remote work models don’t dent productivity. Team meetings (54%) .

Expenses 130
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Who’s Stuck With The Bill?

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The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. There are various models that companies are using to cover these costs of working remotely. What are the costs associated with working remotely?

Expenses 317
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Financial Literacy For Beginners: Steps To Financial Success

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Put simply, financial literacy is an umbrella term for someone’s knowledge and understanding of money and expense management. This careful planning creates a buffer against unexpected expenses, reducing the likelihood of financial crises. Let’s kickstart our guide with a definition of financial literacy.

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What Is A Makerspace? Does Your Coworking Space Need One?

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A significant investment is required to establish and maintain a makerspace, and safety protocols are critical given the use of potentially hazardous equipment. Establishing and maintaining a makerspace requires significant investment in equipment, materials, and space. These factors must be weighed against potential benefits.

Equipment 284
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How to Calculate Your Freelance Rate

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For example, if a client wants to increase sales, reduce expenses or improve team efficiency, ask them to attach a dollar amount to each objective. Educating them about the value you bring shifts the focus from cost to investment, which makes them more willing to pay higher rates for the results you deliver.