Not wanting the hassle of more complicated taxes is what keeps many from taking contract or freelance work, or starting a home business. However, while self-employment tax filing does require a few more steps, it can also mean greater tax savings.… Read the rest
When I started my work-at-home journey, I erroneously believed I had to replace the income from my full-time job. As a social worker, I wasn’t getting rich off my $28,000 per year, but it was a substantial amount to replace by working from home.… Read the rest
It’s tax time! While doing taxes is a hassle, one of the many perks of working at home as a contract worker, freelancer or home business owner are tax deductions.
Disclaimer: I’m not a tax expert. This article is provided for general information.… Read the rest
I’ve met many people who worry about working at home and dealing with taxes. For sure, there are few more hassles to contend with, but there are also perks that make those hassles well-worth the effort. Below are links to articles that can help you understand and take full advantage of the tax benefits you’re eligible to take.… Read the rest
If you’re new to being a home business owner, you may be wondering about the types of things that you can record as an expense in your business for tax purposes. While I am not a *tax professional, I am a fellow business owner and wanted to share some of those basic expenses with you so that you have a better idea of what to track.… Read the rest
This week I provide important insight and information you need to know about working from home!
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Resources listed on the show:
By Luke Sampson
Choosing a solid portfolio of investments and then monitoring how effectively they perform is essential for those who are serious about achieving impressive results, particularly if they have invested a sizable amount. For example, it is a good idea for workers that are home based, freelance or self-employed to think about developing a personal investment portfolio to provide future financial security.… Read the rest
Supporting Contributor Post
Thanks to the Internet and the aftershocks of the Great Recession, the number of people working at home has grown by leaps and bounds in recent years.
Some are starting businesses of their own. Some are working for a traditional employer who simply allows workers to sit at their computers at home, rather than drive in to work every day.… Read the rest
Supporting Contributor Post by Jenna
For entrepreneurs and work-from-home types, the IRS is like the bogeyman. It is the comic-book arch villain that has endless resources to hunt down all its enemies, methodically and mercilessly grinding them underfoot, one insignificant dream at a time.… Read the rest
The financial crisis and mass lay-offs of the last few years has been a wake-up call to take charge of your financial life. Companies no longer offer secure employment with benefits and pensions. Even before the recent recession, financial gurus were recommending that owning a business was the only way to build financially security.… Read the rest