Working from home is one of the greatest perks of being a freelancer, especially if you operate your business from home full-time. It also provides you with a significant tax deduction, if you qualify for the home office deduction. Most self-employed individuals have long since operated their businesses from the comfort of their homes. According to the 2019 report released … [Read more...] about Home Office Deduction for Freelancers
Tax Management
Tax Preparation Business from Home and Its Benefits
We sometimes characterize finance and accounting occupations as dull, dry, or too complex. But that's just common with all kinds of jobs. Meaning, it's not the numbers that make your work dry. It's the constant investment of effort with no return. So, what motivates you to work with numbers? You do not have to work for anyone and can start your own business. Tax preparation … [Read more...] about Tax Preparation Business from Home and Its Benefits
Tax-Free and Taxable Benefits to Utilize in the UK
The UK government provides several benefits for its citizens and investors. While some of the state benefits are taxable, several tax-free benefits make the UK a great place to start a business, work, and invest in the country. Tax-Free Benefits People living in the UK receive some state benefits that they do not have to pay income tax on. These benefits form a part of … [Read more...] about Tax-Free and Taxable Benefits to Utilize in the UK
Smart Measures to Get A Step Ahead with Year-End Tax Planning
The pandemic year brought uncertainties and unprecedented challenges for individuals and businesses. As it draws to a close, you need to do a little more with the year-end tax planning. The objective will be the same as always, to cut down the obligations to the minimum, but you will probably want to invest extra effort to save this year. Here are some smart measures you can … [Read more...] about Smart Measures to Get A Step Ahead with Year-End Tax Planning
Top Expert Tips to Better Manage Your Taxes
Keeping track of your expenses is one definite way to help you save money for tax payments. Likewise, it’s very important that you keep receipts and other documentation for each expenditure you make as this will help you identify sources of income and keep track of your expenses. The best part of it all is that this practice will help you track down months-old records so you … [Read more...] about Top Expert Tips to Better Manage Your Taxes