Freelance Magic
SEPTEMBER 25, 2020
Today, I’m handing over the blog to Erika Rykun who has written a great guide to choosing a freelance career. Traditional forms of works are becoming less popular every year while the freelance economy is growing day by day. In the UK, there’s a 31% increase each year in the number of freelancers.
Freelance Union
NOVEMBER 10, 2022
With 59 million freelancers in 2020 in the US and experts claiming that by 2027, the majority of the workforce in the US will be freelancers , we know freelancing is getting increasingly popular each year. Thus, freelancers are recovering control over their time, schedules, and finances while making more money than ever.
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Freelance Union
JULY 15, 2024
Most Freelance Businesses Must File Their Beneficial Ownership Information Generally, a beneficial owner is an individual who either exercises substantial control or owns 25% or more of the reporting company. Created prior to January 1, 2024, you must file your initial BOI report by January 1, 2025.
Freelance Union
DECEMBER 6, 2022
Between the increase in expenses due to inflation and potential end-of-the-year deductions you can take, there is a lot to consider as you work to finalize your freelance business finances before Dec. With all of these caveats in mind these are the top ten freelance business expense deductions to consider claiming on your 2022 tax return: 1.
Freelance Union
JANUARY 31, 2023
The bonus percentages over the next few years are as follows: 100% for 2021 100% for 2022 80% for 2023 60% for 2024 40% for 2025 20% for 2026 0% for 2027 and beyond Accelerating depreciation deductions can reduce your tax liability, but there are other tax implications of purchasing new business assets beyond bonus depreciation.
Susan Greene
NOVEMBER 5, 2022
Add a Freelance Copywriter to Your Team. billion by 2027 , exhibiting at a CAGR of 5.3% during 2022-2027. It’s also not the best use of your time. Moving product is where you need to focus. But if your website doesn’t pique the interest of prospects and answer their questions, you won’t maximize sales. billion in 2021.
Freelance Union
OCTOBER 31, 2023
File your freelance taxes with confidence using TaxAct’s easy-to-use tax software. Freelancers Union members get 25% off the cost of federal and state tax filing: [link] New to small business taxes and all they entail? At this time, it is set to gradually decrease another 20% every year until completely phased out in 2027.
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