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Why It’s Better to Wait Before Claiming Social Security Benefits

Due

It’s just one more hefty deduction taken out of your paycheck — or so it seems. By the way, you might hear the word “ entitlement ” in the context of Social Security benefits, but that simply means that you and your employer have already paid into the trust fund through the taxes deducted from each paycheck.

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Don’t Let Small Business Taxes Ruin Your Day: Use This Guide Instead

Fundera

If you operate a partnership, you’ll have to file an “annual information return” to show the income, deductions, gains, and losses from the business’s operations—but the business itself doesn’t pay any income tax. Bank and credit card statements. Know What You Can Deduct on Your Small Business Taxes. Payroll documents.

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Next Business Insurance Review for 2019: Is It Right for Your Business?

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Next Insurance is a business insurance company that launched in 2015, with a focus on helping small business owners purchase affordable, tailored insurance policies online. Global credit firm AM Best assigns financial strength ratings to insurance companies. 0 deductible general liability policies. Commercial Property Insurance.

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The Best Freelancer Accounting Software Pick, Above All

Fundera

That means you must keep accounting records to make sure you’re correctly reporting your income and tracking your deductible business expenses. But if your freelance business is very small, a side hustle, or if you’re just getting started with it, you might not want to open separate banking and credit card accounts right away.