POSTS TAGGED : self employed

Top 4 Challenges of Being Self-Employed in 2021

For many, embracing a career as a self-employed professional is the ultimate goal. As a self-employed individual, the success of your enterprise is placed directly in your hands.

Self-employed

As you’re in charge of your own destiny, every decision you make directly impacts your business growth and revenue. It can sound like an uphill struggle, yet many self-employed professionals relish the challenge and use this pressure to drive themselves and their businesses forward.

However, despite their motivation, self-employed individuals don’t have the easiest of career paths. With so many responsibilities to juggle, it’s only a matter of time before one facet of their business is neglected to the point where other areas of their enterprise are also impacted.…

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This Is What You Need to Know About Self Employed Insurance

Right now we’re living in an age in which a person needs little more than an internet connection to become a business owner. If you’re a self-employed professional, you need to put your ducks in a row just like any other business owner.

Self-employed

This starts with handling all of your insurance needs. But what sort of insurance should you keep in mind as a self-employed individual?

Use these tips to learn more about self employed insurance and how it can save your business.

Consider the Kind of Business You Run and Work You Do and Address Your Liabilities

First and foremost you need to assess the kind of company that you run when you’re interested in getting a self employed business insurance plan.…

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The Best Tax Deductions For The Self-Employed

This article was updated on May 22, 2020.

When you’re self-employed, you likely want to find as many tax deductions as possible. While everyone else is waiting for a refund, you’re probably thinking about all of the money you’re going to have to pay the IRS, even if you estimated your taxes and paid quarterly.

Tax deductions

There’s plenty to keep up with throughout the year including your mileage log if relevant, your receipts and any other information that you might be able to use for your deductions come tax time.

When you’re self-employed you’re shouldering the burden of certain costs you wouldn’t have if you worked for an employer.…

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Self-Employed at Last: The Top Common Blunders to Avoid at Any Cost

Being self-employed is a lot of fun, but it’s also a lot of work. Most new business owners make a lot of mistakes. Here are some of the most common, and how to avoid them.

Making business mistakes

Failing To Budget

Small businesses are especially prone to accounting mistakes, unless they happen to be accountants.

Make a budget, and stick with it. Budget out, to the penny, how much money you need to keep the doors open. Then, round up. Yes up. Add in 10 percent to that rounded figure. This gives you a nice cushion – a safety net – that hopefully you’ll never have to use.…

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