Tax Planning Tips for Independent Contractors

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Tax planning and preparation are important parts of your job as an independent contractor. Paying quarterly estimate taxes throughout the year is a good practice that helps eliminate a big tax burden and a possible fine at the end of the year. Quarterly payments are due on April 15, June 15, September 15, and January…

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How to Plan for Retirement as an Independent Contractor

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Are there retirement plans for independent contractors in today’s world? Traditional employees (usually) have a 401(k) or equivalent to help prepare for retirement. But when you run your own business, putting such a plan in place falls into your realm of responsibilities.  Thankfully, there are a ton of retirement plans for independent contractors. The right…

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4 Ways to Build Long Term Relationships with Contingent Workers

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Building long-term relationships with contingent workers is a key component of an effective workforce optimization strategy. Remote working arrangements are now common in many businesses. Companies that already rely on independent talent as an integral part of their workforce can gain the many rewards from this flexible, remote, and skills-driven talent pool. Those who aren’t…

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Calculate Your Worker Misclassification Risk

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Independent Contractor Risk Assessment is Important Independent contractor misclassification is an important concept to grasp when engaging contingent workers. While most businesses understand that the threat of reclassification is real and growing, quantifying such risk is still difficult for many enterprises. This isn’t surprising. IC reclassification penalties are highly variable and may rise and fall…

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Independent Contractor Misclassification and Compliance News June 2024

In June, the law firm of Cohen Milstein announced that 15,750 Amazon Flex drivers in California, Illinois, and Massachusetts had filed claims for arbitration alleging that they had been misclassified as independent contractors. The practice of filing a large number of arbitration claims has developed in recent years in response to arbitration agreements that companies use to prevent class action lawsuits.

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3 Productivity Tips for Small Business Owners

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Boosting productivity is not so much a matter of time management as it is producing quality work within the time you have available. When you run your own business, it is important to maximize your most valuable resource—yourself. And that means squeezing every last drop of productivity from your day. It’s easy to schedule time…

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4 Tips to Convey Value to Your Clients and Prospects

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What constitutes “value” to your clients and prospects? Are you simply assuming you know the answer to this question or is the answer based on reliable information? Grasping how clients perceive value is a crucial step in your business strategy. Value perception, a nuanced concept, can vary from company to company and even from person…

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Top Certifications for Small Business Owners in 5 Key Skill Areas

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Professional certifications can help you stand out from the competition and give clients a way to verify that you have the skills you say you have. When building your resume as an independent professional, certifications, a portfolio of past work, and strong recommendations can help paint a picture of your skills and services. Certifications can…

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3 Reasons to Consider Consulting After Retirement

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Consulting after retirement is an attractive option for many reasons, but doesn’t returning to a grueling work schedule defeat the very purpose of retirement? If you have years of experience in the workforce, there should be a way for you to contribute your expertise while still making the most out of your retirement. Going independent…

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Hard Sell, Soft Sell: Finding the Right Blend

Understanding the differences between soft selling and hard selling is key to honing your sales technique. By grasping these differences and learning how to blend them, you can adapt your approach to various customer types and situations, enhancing your sales effectiveness. What is Hard Selling? Hard selling is the style most associated with “sales”  in…

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