The Freelancers Union Blog is the voice of Freelance Nation. Stop here for expert advice, freelancer stories, perspective on the future of the independent workforce and Union news.
The IRS begins accepting tax returns soon, which means if you want to expedite any potential deductions so you can get your return sooner rather than later and reduce your tax burden as much as possible you should consider completing your tax return and consider these deductions:1. Business travel expenses. If you travel for work to attend conferences...
2d
On Thursday, January 26th, Mayor Eric Adams announced NYC Free Tax Prep services available to workers across the five boroughs in his State of the City Address. The program covers self-employed New Yorkers and provides free year-round income tax services to freelance workers and small businesses to help navigate tax filing, with an IRS-certified VITA/TCE...
2d
One of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions. There are several factors that can influence a taxpayer's choice, including changes to their tax situation, any changes to the standard deduction amount and recent tax law changes.Generally, most taxpayers...
3d
If your freelance business received an Economic Injury Disaster Loan (EIDL) during the COVID pandemic, it will soon be time to start paying it back, given that The U.S. Small Business Administration’s (SBA) extended 30-month deferment period is coming to a close.Under the SBA’s existing deferment program loan payments were deferred for up to 30 months...
2w
The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.More than 168 million individual tax returns are expected to be filed, with the vast majority of those coming before the April 18 tax deadline. People have three...
2w
The tax filing season is a popular time for scammers to call and try to dupe unsuspecting taxpayers. These thieves often make threatening or alarming calls posing as the IRS to try to steal taxpayer money or personal information.However, it's easy for people to recognize this scam by knowing how the IRS contacts taxpayers.The IRS will never:Call to...
2w
If you're getting ready to make New Year's fitness resolutions — don’t. Instead, design a yearlong fitness plan to make sure that you have effective lifestyle changes in place.Month-by-month planUse this yearlong plan to improve your health each month:January. Set your goals. Take a look at your life. What's missing? What do you wish you could do? Invest...
3w
On Thursday, January 5th, The Federal Trade Commission (FTC) rolled out a proposal to prohibit employers from implementing non-compete clauses that limit workers’ freedom to explore opportunities.In the freelance context, a non-compete agreement forbids you from engaging in direct or indirect competition with your client for a fixed period of time,...
3w
Last year the introduction of the Infrastructure Investment and Jobs Act clarified and expanded the rules for reporting of information on digital assets by brokers. The United States Treasury Department and the Internal Revenue Service (IRS) have just announced that brokers are not required to report additional information related to the dispositions...
3w
Freelancing isn’t easy. Though there is a certain amount of freedom and flexibility that comes with gig work or working for yourself, there are also a surprising number of obstacles to overcome — some of which are downright frustrating. Every job has its pitfalls, but if you are freelancing, it’s likely because the pros greatly outweigh the cons. Still,...
4w
Follow RSS Feeds, Blogs, Podcasts, Twitter searches, Facebook pages, even Email Newsletters! Get unfiltered news feeds or filter them to your liking.
Get Inoreader