Let’s be honest—building wealth in the gig economy is tough enough. But passing it on? That’s a whole other challenge. With unpredictable income streams and fewer employer-sponsored benefits, freelancers and independent contractors need to get creative about generational wealth transfer….
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Tax-Efficient Strategies for Generational Wealth Transfer in the Gig Economy
Let’s face it—building wealth in the gig economy is tough enough. But passing it on? That’s a whole other puzzle. With unpredictable income streams and fewer employer-sponsored benefits, freelancers and independent contractors need smarter, scrappier strategies to keep their hard-earned…
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Tax Planning Tips For Freelancers and Self-Employed Individuals
With summer drawing to an end and Starbucks unveiling the return of the pumpkin spice latte to its stores, freelancers and self-employed individuals should start making plans so they can minimise the amount of stress they experience at tax season…
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Taxation of Cryptocurrency – Key Considerations for Investors
Cryptocurrency might seem like an unpredictable investment, but it still falls under tax law. Understanding your cryptocurrency tax obligations will help to avoid unexpected surprises and stay compliant. Each time you exchange cryptocurrency for goods or services or real currency,…
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Is Your Personal Loan Amount Taxable?
Taking out a personal loan can be a great way to help pay for medical expenses, a wedding, or a higher education. But, when it comes to tax time, you may want to consider whether your personal loan amount is…
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Capital Gains Tax
Capital gains tax is a recurring obligation on the sale of an asset. The capital gains tax allowance is PS12,300 per individual, but it is double for married couples and civil partners. In addition, assets acquired before 2003 are exempt…
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Who Can Claim a Tax Rebate?
A tax rebate is an equal payment to the citizen by way of a check or money order when the taxpayer pays back taxes than they are liable to pay. There are several different kinds of tax rebates, including a…
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Tips for Preparing Your Property Tax Due
If you have a property tax bill that needs to be paid this year, then you need to make an intelligent decision about your property tax payments. Why don’t you go online and compare how much you are paying now…
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How To Reduce payroll Taxes For Self Employed Individuals
In our nation’s tax system payroll taxes are often considered one of the most misunderstood areas of the financial regulation. It is true that payroll tax collections can be quite problematic and even irritating for an employer. The law mandates…
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Why an Income Tax Preparer Can Make a Huge Difference in Your Taxes
If you’re concerned that your taxes are not being dealt with properly, don’t be. In fact, the IRS offers e-filing and it can save you a ton of time. E-filing is tax preparation on your part by using certain software…
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