Entrepreneurs and freelancers demand to extend the bankruptcy moratorium to avoid a wave of bankruptcies in 2022

Quick summary:

Although businessmen and freelancers reject some of the measures included in the draft law by the Government (the maintenance of the privilege of public debts with the Treasury and Social Security in case of restructuring or second chance, the lack of an early warning system, eliminate the figure of the bankruptcy administrator in micro-business bankruptcies& mldr;), acknowledge that the regulation will include advances such as the development of restructuring plans as pre-bankruptcy instruments, some improvements in the second chance mechanism or changes to streamline the bankruptcy process

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How Can I Save for Retirement as a Freelancer

Recent highlights:

1. Traditional IRA tax benefits: Contributions to traditional IRAs are tax-deductible and can thus lower your tax bill for the year you contribute.

2. Tax benefits: Contributions are made on an after-tax basis, your money grows tax free within a Roth IRA, and qualified withdrawals are tax-free.

3. Just as with the SEP IRA, you're required to contribute to your employees' SIMPLE IRA accounts

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