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Financial Chaos Amplifies As WeWork Is Days From Filing For Bankruptcy

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WeWork is on the brink of filing for Chapter 11 bankruptcy protection, which could happen as early as next week. Following the Tuesday afternoon reports, WeWork’s shares plummeted by 37% in pre-market trading, according to CNN Business. During regular trading stock market hours this percentage reached over 40%.

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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. This way, you can label or tag a file or email, making searching for a specific transaction or dollar amount easier. There are multiple tax tips out there.

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

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Maintaining separate business accounts and organized records is invaluable for freelancers to maximize tax deductions and manage their finances effectively. Tax Responsibilities for Freelancers For freelancers , tax time is especially awful, as there are a lot more complications and other aspects to consider when filing.

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34 Great Tools for Boosting Your Freelance Business

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Note taking and research These tools help you stay organized , capture ideas, store background details (including images, audio files and video), keep to-do lists, manage project information and collaborate with clients—all of which leads to smoother workflows and high-quality work for your freelance business.

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WeWork’s Ousted Founder Hopes to Buy it Back

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It’s reported that Neumann and his latest venture, Flow Global , have expressed ongoing interest in buying WeWork, or its assets, in a potential bid to provide the much-needed financing to keep WeWork afloat. Neumann’s attorney, Alex Spiro claims WeWork has been ignoring attempts from Neumann to get further information.

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Tech Industry Struggles Continue As Intel Cuts 1,600 Jobs

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Certain divisions are experiencing more severe cuts, particularly the Sales and Marketing Group (SMG), which is facing a staggering 35% reduction in costs. The San Francisco Chronicle also reports Intel made a regulatory filing in the state of California on Tuesday to announce plans to cut more than 300 jobs from its Bay Area offices.

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WeWork Resolves Landlord Concerns for Payments

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WeWork seems to have sorted out some of the concerns raised in landlord objections to its bankruptcy financing agreement. According to a report published by Reuters , the agreement, approved by U.S. The stacked challenges proved to be too steep, leading the company to file for Chapter 11 Bankruptcy in New Jersey on Nov.

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