If you’re self-employed and work from home, you may be eligible for the home office expense deduction, which can help lower your taxable income and maximize your savings.
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Navigating the world of employment can be as complex as solving a Rubik’s Cube. For consultants, IT professionals, and small business owners, one of the most critical decisions is choosing between working as a 1099 independent contractor or a W2 employee. This decision impacts everything from your work-life balance to your tax responsibilities.
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While it may seem like just another item on your to-do list, compliance with BOIR is crucial for safeguarding your business from hefty penalties and maintaining its reputation.
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