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.
#biyro #business #blackbusiness #bookkeeping #cash
More: https://biyro.com/blog/freelance/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.
#biyro #business #blackbusiness #bookkeeping #cash
More: https://biyro.com/blog/freelance/these-his-freelancers-live-in-remote-me-new-rules-can-change-it/
What every freelancer must prepare for in 2022 - Freelance Informer
Recent highlights:
1. £6 a week from 6 April 2020 (for previous tax years the rate is £4 a week) – you will not need to keep evidence of your extra coststhe exact amount of extra costs you've incurred above the weekly amount – you'll need evidence such as receipts, bills or contractsYou'll get tax relief based on the rate at which you pay tax.
2. Short sighted attack: Freelancers and small businesses hit with Dividend tax, NI hike & health/social care levy – Freelance Informer
3. IR35: Taxpayers could pay multi-million Government tax bills thanks to CEST tool casualties – Freelance Informer
#biyro #fortlauderdale #pembrokepines #blackbusiness #browardcounty
More: https://biyro.com/blog/freelance/what-every-freelancer-must-prepare-for-in-2022-freelance-informer/
Recent highlights:
1. £6 a week from 6 April 2020 (for previous tax years the rate is £4 a week) – you will not need to keep evidence of your extra coststhe exact amount of extra costs you've incurred above the weekly amount – you'll need evidence such as receipts, bills or contractsYou'll get tax relief based on the rate at which you pay tax.
2. Short sighted attack: Freelancers and small businesses hit with Dividend tax, NI hike & health/social care levy – Freelance Informer
3. IR35: Taxpayers could pay multi-million Government tax bills thanks to CEST tool casualties – Freelance Informer
#biyro #fortlauderdale #pembrokepines #blackbusiness #browardcounty
More: https://biyro.com/blog/freelance/what-every-freelancer-must-prepare-for-in-2022-freelance-informer/
What to do if you're stressing about your freelance tax return
Quick summary:
1. For claiming expenses, be aware that you can claim additional tax relief on money paid into private pensions, gift aid charity payments, woking from home tax relief, and choosing the correct mileage rate.
2. So, we spoke to seasoned tax experts and accountants to work out what exactly you need to know about doing your tax return.
3. Many people file tax returns at the last minute, leading to errors that can sometimes translate into expensive penalties or fines if they have underdeclared their tax or filed too late
#biyro #incometax #blackbusiness #cpa #construction
More: https://biyro.com/blog/freelance/what-to-do-if-youre-stressing-about-your-freelance-tax-return/
Quick summary:
1. For claiming expenses, be aware that you can claim additional tax relief on money paid into private pensions, gift aid charity payments, woking from home tax relief, and choosing the correct mileage rate.
2. So, we spoke to seasoned tax experts and accountants to work out what exactly you need to know about doing your tax return.
3. Many people file tax returns at the last minute, leading to errors that can sometimes translate into expensive penalties or fines if they have underdeclared their tax or filed too late
#biyro #incometax #blackbusiness #cpa #construction
More: https://biyro.com/blog/freelance/what-to-do-if-youre-stressing-about-your-freelance-tax-return/
Here's what freelancers should know about estimated taxes
Quick summary:
1. If you were a US citizen or resident alien for all of 2020, your total tax was zero and you didn't have to file an income tax returnIf your income fluctuates drastically throughout the year (if you run a seasonal business, for instance), you may be able to lower or eliminate your estimated tax payments with an annualized income installment method.
2. Essentially, estimated tax allows you to prepay a portion of your income tax every few months to avoid paying a lump sum on Tax Day.
3. Instead, you can pay estimated taxes throughout the year to avoid tax penalties when filing your tax return
#biyro #financialfreedom #taxrefund #blackbusiness #taxseason
More: https://biyro.com/blog/freelance/heres-what-freelancers-should-know-about-estimated-taxes/
Quick summary:
1. If you were a US citizen or resident alien for all of 2020, your total tax was zero and you didn't have to file an income tax returnIf your income fluctuates drastically throughout the year (if you run a seasonal business, for instance), you may be able to lower or eliminate your estimated tax payments with an annualized income installment method.
2. Essentially, estimated tax allows you to prepay a portion of your income tax every few months to avoid paying a lump sum on Tax Day.
3. Instead, you can pay estimated taxes throughout the year to avoid tax penalties when filing your tax return
#biyro #financialfreedom #taxrefund #blackbusiness #taxseason
More: https://biyro.com/blog/freelance/heres-what-freelancers-should-know-about-estimated-taxes/