BIYRO - Project management system
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Tips and tricks about freelancing, project management and productivity tools. Stay tuned!
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These his freelancers live in remote me. New rules can change it

Quick summary:

1. Tax benefits and clear breaks Tax benefits, IT workers can also take advantage of incentives, such as IP-Box incentive, which offers an additional tax on any work classifying as research and development.

2. The cost of living in Poland is low in comparison with other European countries, and freelancers working through B2B agreements can often do two or three times the money that they are otherwise, even if the wage in the country raises quickly.

3. Poland's IT workers can consider emigration in other places, new tax rules for freelancers should enter into force.

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More: https://biyro.com/blog/freelance/these-his-freelancers-live-in-remote-me-new-rules-can-change-it/
Are you inside IR35? – the latest guide for freelance contractors

Recent highlights:

1. And as HM Revenue & Customs (HMRC) continues to update its guidance, many questions still remain, for example around the issue of employer National Insurance contributions and who will ultimately pick up the tab for this additional tax burden when a contractor is deemed to be 'inside IR35'.

2. Where it's up to the client to assess status, they must outline their decision, and reasons behind it, in a Status Determination Statement (SDS) sent directly to the contractor

#biyro #business #taxes #fortlauderdale #bookkeeping

More: https://biyro.com/blog/freelance/are-you-inside-ir35-the-latest-guide-for-freelance-contractors/
How to make quarterly tax payments if you're a freelancer or business owner

Quick summary:

Types of income that may require you to make quarterly payments include:  Self-employment income, from a business you own or freelance workContract work, including gig work or any job where you aren't an employee with taxes withheld from your paycheckDividendsCapital gainsDistributions from a retirement accountW-2 wages, if you didn't have enough tax taken out of your paycheckMathis notes that anyone who expects to pay more than $1,000 in taxes on all those income sources combined should plan to pay estimated taxes

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More: https://biyro.com/blog/freelance/how-to-make-quarterly-tax-payments-if-youre-a-freelancer-or-business-owner/
As the ranks of freelancers swell, the taxman cometh for those in Arlington

Recent highlights:

1. Customers can get confused and think that they should pay a flat fee for gross receipts up to $100,000, plus the tax rate on the remaining receipts, however, the correct amount to file and pay is based on multiplying the total gross receipts by the tax rate, said Susan Anderson, the communications director for Arlington's Office of the Commissioner of Revenue.

2. Independent workers can deduct their expenses from their state and federal taxes, but locally, Arlington's Business, Professional and Occupational License (BPOL) tax collects on pre-expense revenue, or gross receipts

#biyro #atlanta #miami #taxes #bookkeeping

More: https://biyro.com/blog/freelance/as-the-ranks-of-freelancers-swell-the-taxman-cometh-for-those-in-arlington/