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8 Crucial Tax Filing Tips For Freelancers

Allwork

who earn freelance income face confusing tax guidelines and difficult requirements for filing your own taxes. . It’s confusing and difficult, for most people, to know how you’re supposed to file your own taxes when freelance income has been earned from one-time jobs or contract work. . Contractors and other gig workers in the U.S.

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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. For example, if your tax bill on your freelancing income was $8,000, add an extra cushion based on what you think you’ll be earning above that amount this year.

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Making Taxes Less Taxing

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As a result, taxes can feel like an overwhelming task to tackle, whether it’s your first time filing as a freelancer or your fifth. For example, viewing your taxes as a time-consuming duty to check off your list will make it seem like a chore. But even with these benefits, tax filing can still be daunting.

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6 Commonly Overlooked Tax Deductions to Maximize Your Return

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Phone and internet “Most business owners we deal with do not know they can claim their home internet as well as their cell phone expenses based on usage,” says Christian Maldonado, co-founder and COO of Finsult, a company offering full-suite accounting services for online creators and businesses.

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Master Your Memory with Ron White

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Now imagine taking all the files out of the folders in your computer and dumping them on the desktop. Programs, documents, videos, audio files—you put thousands of stored items randomly on top of each other. Now try to find the phone number of a friend. If your file is the stove, catch whatever you’re filing on fire.

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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Why is that?

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Is Travel Insurance Necessary or a Waste of Money?

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For example, InsureMyTrip CEO Suzanne Morrow advises if you’re traveling domestically, not checking a bag and staying at a friend or relative’s house, a travel insurance policy may not be necessary. It was not a happy day when Haggerty lost her cell phone at JFK airport before boarding a flight to Portugal. “I

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