BIYRO - Project management system
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Tips and tricks about freelancing, project management and productivity tools. Stay tuned!
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Helping Independent Management Consultants Find Greater Success

Recent highlights:

1.  Freelance management consulting is a newer invention, and includes platforms like Talmix, Comatch, Expert Powerhouse, Worksome, Jelber, OMS, Sneakers & Jackets, Catalant, Outsized, Riverflex and Ravenry.

2.  There are several ways independent management consulting platforms can improve the experience of freelance platform members:

3. Consulting clients are seen as less effective in dealing with freelance consultants (41% vs 50% for tech and 45% for marketing

#biyro #taxes #migration #legalization #naturalization

More: https://biyro.com/blog/freelance/helping-independent-management-consultants-find-greater-success/
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/
Today is the last day for many freelancers and small businesses to avoid a tax penalty

Quick summary:

1. You may be charged a penalty if: You forgot to pay estimated taxes or your payment was for less than 90% of the tax amount owedIn some cases, you overpaidIf you want to delve further into estimated tax penalties and conditions of a waiver, see the instructions in IRS form 2210.

2. If you earn or receive income that isn't subject to federal withholding taxes throughout the year -- side hustle earnings or income from a rental property, for example -- you'll pay as you go with estimated taxes

#biyro #taxes #taxpreparer #taxrefund #entrepreneur

More: https://biyro.com/blog/freelance/today-is-the-last-day-for-many-freelancers-and-small-businesses-to-avoid-a-tax-penalty/
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/