BIYRO - Project management system
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I am a freelancer living on a holiday or hunger to survive on us Healthcare - and I am afraid that the next

Quick summary:

1. Even with Medicare and Marketplace Marketplace programs less than one of four freelancers reported the purchase of insurance in 2019 - and 35% of freelancers prefer to neglect health care due to high costs and steep premiums, which averages $ 484 per month. one man. Refusal

2. Several we did not say anything about our troubles of health care, and the COVID-10 options continue the circle, insurance concerns will continue to grow.

3. There are credit systems that help freelancers pay for insurance, as well as several market programs that are trying to change the difference.

#biyro #broward #fortlauderdale #lifeinsurance #dade

More: https://biyro.com/blog/freelance/i-am-a-freelancer-living-on-a-holiday-or-hunger-to-survive-on-us-healthcare-and-i-am-afraid-that-the-next/
Like a freelancer, the US health industry scares me for my future

Quick summary:

1. Even with Medicare and Marketplace Marketplace programs, one of four freelancers said that they had insurance in 2019 - and 35% of freelancers prefer to neglect health care due to high costs and high premiums, which on average for one person is colossal 484 US dollars per month.

2. 7 million American freelancers, many of whom are responsible for their personal healthcare and insurance.

3. There are credit systems that help freelancers pay for insurance, as well as some market programs that are trying to change the situation.

#biyro #entrepreneur #insuranceagent #fortlauderdale #realtorlife

More: https://biyro.com/blog/freelance/like-a-freelancer-the-us-health-industry-scares-me-for-my-future/
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/
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/
Freelancer tax guide 2002

Recent highlights:

1. Form 1099-MISCAlso referred to as the Miscellaneous Income tax form, this is the tax form used to calculate tax liability as a freelancer.

2. The two tax forms you may already be aware of are the W-2 tax form, which is received through traditional employment, and the 1040 form, which is the standard U.S. Individual Income Tax Return.

3. If you make a substantial amount of income as a contractor or freelancer, or if you freelance full time, you are required to declare that income on your 2021 tax return and make quarterly tax payments to the IRS

#biyro #fortlauderdale #financialfreedom #realestate #construction

More: https://biyro.com/blog/freelance/freelancer-tax-guide-2002/
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 #fortlauderdale #businessowner #creditrestoration #business

More: https://biyro.com/blog/freelance/as-the-ranks-of-freelancers-swell-the-taxman-cometh-for-those-in-arlington/
Use a 1099 Tax Calculator for Your Freelance Profession

Recent highlights:

1. Any 1099 income you receive is reported to the IRS as income received; it's up to you to keep track of this information and write it on your tax return.

2. These payments include income, self-employment, and alternative minimum tax (AMT) for people who receive most of their income from freelance work.

3. The IRS wants to make sure businesses that make income must report it and pay the correct taxes to hold onto the money until tax season

#biyro #broward #taxrefund #money #fortlauderdale

More: https://biyro.com/blog/freelance/use-a-1099-tax-calculator-for-your-freelance-profession/
What Is A Freelance Tax And How Is It Connected To Self-Employed Tax In The UK  - News7h

Quick summary:

1. While living in the UK, a person may come across many tax liabilities, including tax rate on pension income, the tax rate on rental income, property tax, inheritance tax, and the list.

2. The moment you cross this threshold is when you jump into higher tax bands allowing you to submit a specific tax percentage in the name of income tax.  

3. 1 million self-employed people are liable to significant taxes, including the freelance tax for UK residents and the income tax

#biyro #taxpreparer #businessowner #fortlauderdale #browardcounty

More: https://biyro.com/blog/freelance/what-is-a-freelance-tax-and-how-is-it-connected-to-self-employed-tax-in-the-uk-news7h/
Quarterly Estimated Tax Payments: When Are They Due, How Do You File and More

Quick summary:

1. Some classes of workers -- particularly those whose income is exceptionally modest, inconsistent or seasonal -- are exempt from having to make quarterly payments to Uncle Sam, however:If your net earnings were $400 or less for the quarter, you don't have to pay estimated taxes -- but you still have to file a tax return even if no taxes are due.

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. When filing your estimated taxes, use the 1040-ES IRS tax form or the 1120-W form if you're filing as a corporation

#biyro #realestate #cash #cpa #fortlauderdale

More: https://biyro.com/blog/freelance/quarterly-estimated-tax-payments-when-are-they-due-how-do-you-file-and-more/
The best tax software for freelancers and self-employed filers in 2023 - USTimesPost

Recent highlights:

1. (Opens in a new window)(opens in a new tab)), so report your business income and expenses in Appendix C(Opens in a new window)(opens in a new tab) and your Independence Tax on a Schedule SE(Opens in a new window)(opens in a new tab); Include both of them on your Form 1040(Opens in a new window)(opens in a new tab), the standard form for individual tax returns.

2. Tax software is a type of software program designed to guide users through the process of preparing and filing their tax returns, helping them comply with tax laws while identifying potential deductions and credits

#biyro #browardcounty #accountant #fortlauderdale #womenownedbusiness

More: https://biyro.com/blog/freelance/the-best-tax-software-for-freelancers-and-self-employed-filers-in-2023-ustimespost/