Its the Final Countdown for Extended Freelance Tax Returns Dont Miss the October 17 Deadline!10/7/2022
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Did you run short of time last April when the regular tax filing deadline came? Hopefully, it was a rare occurrence and you took the smart step of filing an extension for your 2021 taxes. If so, the six-month window to get your taxes filed without additional failure to file and late payment penalties is rapidly closing. It will slam shut on October 17, 2022, so if you haven’t already, now is the time to make good on your commitment to filing by this date. Doing so will take it off your to-do list and reduce your tax penalty burden if you already have one to contend with. Many taxpayers, freelancers included, misunderstand what an extension on their taxes really means, so here are the facts:
What happens if you didn’t file an extension and you didn’t pay by April 18, 2022?
What happens if you did file an extension by April 18, 2022, but you didn’t pay?
If you are missing information or need updated or corrected forms in order to file your taxes, these tips from the IRS can also help you take care of them so you can get your taxes filed by the October 17, 2022 extension deadline:
Another potentially missing or incorrect piece of information may be related to advance child tax credit or economic impact payments. You must have the total amounts of advance child tax credit payments and the amount of your third Economic Impact Payment to claim a recovery rebate credit and the remaining child tax credit on your return. This information will be available in your online account or if you received these documents: Letter 6419, 2021 Total Advance Child Tax Credit Payments, and Letter 6475, 2021 Economic Impact Payment. This will help you file an accurate return. If you have lost or misplaced these letters, you can check your online account. Married spouses who received joint payments will need to log into their own online account or review their own letter for their portion of the total payment. If filing a 2021 return as married filing jointly, you should add the payments together to provide the total amount. While there are many different reasons why you may not have been able to file your freelance taxes on time, it is critical to meet the extension deadline, otherwise, you will be faced with additional penalties. Refund claim depends on your tax situation, generally, the claim must be filed within 3 years from the time the return was filed or two years from the time the tax was paid, whichever of such periods expires the later, or if no return was filed by the taxpayer, within 2 years from the time the tax was paid. If you have no refund due, you have more than three years to file an amended tax return, Form 1040X, however, you will be subject to interest and penalties on the outstanding balance. October 17 is just a few weeks away, do not delay getting your extended freelance taxes filed now. The time you spend today taking care of this will allow you to reduce your ultimate time, financial, and stress related to taxes so you can focus on finishing 2022 strong in your freelance business and file 2022 taxes in the clear of any additional penalties or previous freelance tax issues. via Freelancers Union Blog https://blog.freelancersunion.org/2022/10/07/its-the-final-countdown-for-extended-freelance-tax-returns-dont-miss-the-october-17-deadline/
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According to the 2021 U.S. Census Bureau, out of about 11 million single-parent families with children under 18 years of age, nearly 80 percent were headed by single mothers. The existential challenges they frequently encounter forbid them from comfortably providing for their loved ones. A crowd of single moms are either unemployed or employed with low wage income, not enough to sustain their families. One way they can effortlessly earn a living is through freelancing. The benefits of freelancing are that a mom is self-employed; she can freelance in the comfort of her abode and has ample time to raise her youngsters. As a single mom, freelancing has been a helping hand to me because I can cozily provide for my son's necessities. Are you a jobless single mom and wish to be a freelancer? The following are; 10 Types of Freelance Writing a Single Mom Can Utilize to be financially stable 1. Content WritingContent writing is the designing, writing, modifying, and publishing of content on a website for online commercialization. Within a few days, a single mom can be a content writer and make ends meet by providing this kind of freelance writing to her clients. Most businesses have adapted to online marketing strategies since 85 percent of the world's population has internet access. Content writing comprises;
2. Ghost WritingIt's a course where a freelancer writes for a business or an individual. A ghostwriter does not receive any credit for the job done. It's unchallenging spadework for single moms who wish to be ghostwriters since their task is to write and get paid for the services. Examples of ghostwriting are;
3. Technical WritingIn this type of freelancing, a freelancer defines and clarifies a compound subject to make it easier for the reader to understand. For a single mom to be a technical writer, she requires a lot of expertise and knowledge in a particular field of work. Adobe Frame Maker and Markdown Editor are a few tools that can aid technical writers. Technical writing includes;
4. Grant WritingGrant writing involves drafting a requisition of a monetary proposal from the government, large corporate, or nonprofitable organizations. A single mom who wishes to be a grant writer must have adequate skill in writing Grant proposals that helps in acquiring funds for the community to improve local tertiary institutions and build affordable hospitals. Grant writing consists of;
5. Transcription WritingA type of writing that entails a translation of audio frequencies or a speech into written catalogs. Single moms desiring to be transcription writers should have enough listening skills. They can use tools like Express Scribe and Winzip to perfect their work. Transcription writing are;
6. Article WritingIt's writing written to communicate with a massive clientele. Writing articles is a walk in the park for single moms who yearn to be article writers since it’s about writing stories that can be personal or related to someone. Google docs is a free writing tool and a lifesaver for article writers. Article writing consists of four types which are;
7. CopywritingCopywriting is a writing format where a writer writes a text with the ambition of marketing and advertising goals. Solo moms can easily succeed as copywriters considering that women are known to be superior in marketing-related fields. Examples of copywriting are;
8. Freelance EditingEditing is the art of working on a client's project or article by revising and correcting it for the final publication. A lone mom who aspires to be a freelance editor must have faultless editing skills. Grammarly, Hemming way up, and Pro writing aid are some editing tools that might help freelance editors. Examples of freelance editing are;
9. Business WritingSuccessful businesses favor formal writing used in a business setting. Single mothers with experience in entrepreneurship have a higher chance of triumphing as business writers. There are four types of business writing, these include;
10. Resume WritingA resume is a document outlined for job applicants to state their work experiences. A single mom who longs to start earning as a resume writer can use resume builder tools like Zety and VisualsCV to flourish in her freelancing business. There are three types of resumes;
via Freelancers Union Blog https://blog.freelancersunion.org/2022/10/06/10-types-of-freelance-writing-single-moms-can-use-to-hack-financial-strains/
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If you're a freelancer, productivity is key. You only have so many hours in the day to get your work done, and if you're not productive, you'll fall behind. In this blog post, we will discuss 10 strategies for increasing productivity as a freelance worker. Follow these tips and you'll be able to get more done in less time! Contents:
1. The Pareto PrincipleAlso known as the 80/20 rule, this principle states that 80% of the results come from 20% of the effort. As a freelancer, you need to focus on the tasks that will give you the most results. Don't waste your time on busy work - instead, focus on the tasks that will move you closer to your goals. The Pareto Principle can be applied to many areas of productivity. For example, if you're working on a project, identify the 20% of tasks that will give you 80% of the results. Focus your efforts on those tasks and let go of the rest. You'll be surprised at how much more productive you can be when you focus on the right tasks! 2. Eat Your FrogThis is a productivity technique that was popularized by author Mark Twain. The idea is simple: if you have two tasks to do, start with the one that you're least looking forward to. Getting it out of the way first will make the rest of your day much easier. And, as an added bonus, you'll feel a sense of accomplishment when you finish it! So, next time you have a list of tasks to do, start with the one that's giving you the most resistance. You'll be glad you did! 3. Don't Pursue PerfectionWhen you're working on a task, it's easy to get caught up in the details and try to make it perfect. However, pursuing perfection is a surefire way to kill productivity. The truth is, most things don't need to be perfect - they just need to be good enough. So, next time you're working on a task, resist the urge to make it perfect. Aim for good enough and move on! You'll be surprised at how much more you can get done when you stop chasing perfection. 4. Remove DistractionsOne of the biggest productivity killers is distractions. When you're trying to focus on a task, it's easy to get sidetracked by things like emails, social media, or even just your own thoughts. The best way to combat distractions is to remove them from your environment. Turn off your email notifications, log out of social media, and find a quiet place to work. You'll be amazed at how much more you can get done when you're not constantly being pulled away from your task! Distractions are everywhere - but that doesn't mean you have to let them win. Remove them from your environment and take back control of your productivity! 5. Do One Thing at a TimeIt's easy to fall into the trap of trying to do too many things at once. However, multitasking is a productivity killer. When you try to do two things at once, your brain doesn't have time to focus on either task and you end up doing both poorly. The best way to be productive is to focus on one thing at a time. Start with the most important task and give it your full attention until it's done. Then move on to the next task. You'll be surprised at how much more you can get done when you're not trying to do everything at once! There's a lot of pressure to be able to multitask - but that doesn't mean it's the best way to get things done. Focus on one task at a time and you'll be more productive overall! 6. Optimize Your Time with AppsThere are a ton of productivity apps out there that can help you optimize your time. From to-do list apps to time-tracking apps, there's an app for everything! The best way to find the productivity app that's right for you is to experiment. Here are a few of the most popular ones: Try out some of them and see which one works best for your needs. You may even find that you don't need an app at all - sometimes, a simple pen and paper can be just as effective. Don't waste your time with an app that doesn't work for you - keep trying new ones until you find the perfect fit! 7. Create a RoutineOne of the best ways to increase productivity is to create a routine. When you have a set time for each task, it's easier to stay on track and get things done. For example, if you know you need to write for two hours every day, you're less likely to procrastinate and more likely to get your work done. Creating a routine will help your brain know when it's time to focus on work and when it's time to relax. Try setting aside some time each day for specific tasks and stick to it! You're more likely to be productive when you have a set routine - so try setting one up and see how it goes! 8. Define Your GoalsIt's hard to be productive if you don't know what you're working towards. Before you start a task, take a few minutes to define your goals. What are you trying to achieve? What is the end result? When you have a clear goal in mind, it's easier to stay focused and get the task done. You can't be productive if you don't know what you're working toward - so make sure to set some clear goals before you start! 9. Face Your FearsOne of the biggest productivity killers is fear. When you're afraid of failure, it's easy to put off important tasks. But the only way to achieve your goals is to face your fears and just start working! The more you do, the more confident you'll become. And soon, you'll be able to accomplish anything you set your mind to! Don't let fear hold you back from being productive - face your fears and start working towards your goals! You can't be productive if you're constantly hiding from your fears. Face them head-on and take back control of your productivity! 10. Find Time to RelaxIt might seem counterintuitive, but taking some time to relax can actually help you be more productive. When you take a break, it gives your brain a chance to rest and recharge. Then, when you start working again, you'll be able to focus better and get more done. So make sure to schedule some time for relaxation into your day! It's important to find a balance between work and relaxation - too much of either one will lead to productivity problems. Take some time to relax each day and you'll be surprised at how much more productive you become! Final WordsThere are a lot of productivity strategies out there, but these are some of the best. Try out a few and see which ones work best for you. And don't forget to keep experimenting - you never know when you'll stumble upon the perfect productivity method! What are your favorite productivity strategies? via Freelancers Union Blog https://blog.freelancersunion.org/2022/10/05/how-to-increase-productivity-10-strategies-for-freelancers/ |
AuthorI have 5+ years experience working as a medical transcriptionist. When I am not working, I enjoy sports like playing basketball or judo. I love making friends and connections. Archives
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