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Dealing with the IRS

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If you’re based in the United States and you generate an income or profit, you’ll inevitably find yourself dealing with the IRS at some point or another. Wherever you make a profit, there are going to be taxes to play. These are a compulsory contribution to the revenue of the state that you live in. But don’t feel alone. There are extremely few countries in the world that do not charge income tax. In fact, you’ll find that you’re able to count them on just one hand – Bermuda, Monaco, the Bahamas, Andorra and the United Arab Emirates (UAE). Of course, to pay your taxes correctly, it’s a good idea to have a good understanding who the IRS are, what they do and what they expect of you. Here’s some information to help you along the way!

What Is the IRS?

Established in 1862 by President Lincoln, the IRS is a U.S. Government agency that operates under the authority of the United States Department of the Treasury. It is responsible for collecting taxes from anyone who owes taxes. IRS itself stands for “Internal Revenue Service”. This agency is allowed to enforce tax laws against those who fail to pay their correct taxes by the annual deadline.

How Serious Is the IRS?

If you’re wondering what the scope of the IRS is, you should keep in mind that they deal with every single American’s tax returns. The agency processes roughly two hundred and forty four million tax returns each year and generates roughly $3.3 trillion in revenue. They deal with all tax returns, ranging from those submitted by individuals to larger and (often) more complex corporate returns. All too many make the mistake that due to the scale of the IRS’ job, they may be able to avoid paying their tax and go unnoticed. But this is far from true. The IRS has over 80,000 staff working to ensure that all returns are submitted accurately and on time.

What Do You Need to File?

There are a huge number of different forms and returns that you can submit to the IRS. The ones that you need to complete and file will depend entirely on you as an individual or the business you’re running. Different forms serve different purposes. It can all get a bit confusing, so the best way to file an accurate and timely return is to use Creative Tax Solutions. For now, here are just a few of the different forms that you might find yourself having to deal with.

  • 1040 – the form you are most likely going to need to submit is a 1040. This is an income tax file. If your return is complex, you’ll need to submit “schedules”. If you are self-employed, you will also have to submit a schedule SE.
  • 940 – if you run a business and have paid unemployment compensation to workers you’ve had to let go (this is increasingly common throughout the Covid-19 pandemic), you will need to file a 940. This will help you to report your annual Federal Unemployment Tax Act taxes. The unemployment tax systems will then provide funds towards this compensation.
  • 941 – if you run a business that withholds income taxes, social security tax or Medicare tax from your employees’ paychecks, you will have to file a 941 form.
  • 1099 – if you run a business and pay independent contractors to complete work on your company’s behalf, you’ll find that you need to report their pay to the IRS. This is where a 1099 form comes into play. This form allows the IRS to keep a track of what you have paid them and to ensure they pay the right amount.

These are just the basics of tax returns and just a few of the many forms you may need to file. Remember that you can make this process a lot simpler for yourself by using Creative Tax Solutions. These services will lift a weight from your shoulders!

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11 Great Jobs for People Who Love to Travel

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Staying in one place isn’t for everyone. If you’re a wandering soul, you know how difficult it can be to feel tied down by work. You need to get out there and see the world, but you just don’t know how to do it.

Allow us to help you escape your ties and open up a world of possibilities. 

Believe it or not, there are plenty of jobs out there that aren’t just good for travel — they pretty much require it. Just take a look at these eleven jobs for people who love to travel and see what options you have to create the life of your dreams.

1. English Teacher

English teachers are in high demand all over the world, and that isn’t going to change anytime soon.

Teaching English in a foreign country is a great option if you plan on staying in one place for an extended period of time. If you’d rather jump around a lot, you should look into teaching English online so you can take your work with you.

Whichever option you choose, you’ll probably need a TEFL certification before you begin teaching.

2. Writer

Writing is easily done on a laptop, which you can take with you anywhere you go. This is one of the best professions for travelers because you can use your experience to better your writing.

Make money as a traditional author, writing stories or novels that get published for sale. Or, dive into the world of freelance writing and put your chops to work for other people.

You can even start your own blog, whether it’s a travel blog to go along with your experiences or an entirely different blog altogether.

If you’ve got something worth saying, why not make a living off it?

3. Photographer

Photographers are necessary for all kinds of jobs around the world. Not everyone knows how to wield a camera like a pro. That’s where you come in.

Use your camera skills to build a career as a travel photographer while you make your way around the globe. Or, look into becoming a freelance photographer, taking odd jobs as you travel.

You can land gigs photographing anything from resorts to landmarks to weddings, seeing the world in the process.

4. Tour Guide

If you love learning about the places you travel, enjoy interacting with other people, and don’t mind being on your feet for long periods of time, you’ll make a great tour guide!

It takes a lot of dedication to be a tour guide. It’s competitive, so you better be ready to put your best effort forward to get hired.

Search out a tour operator that fits your style and makes you excited to get to work. And make sure you’re completely prepared for the interview process, which might include doing test tours on your own dime.

5. Flight Attendant

What better way to travel the world than by working on an airplane?

Flight attendants have to be good with people and shouldn’t mind long hours on their feet. But what are a few difficult passengers in comparison to getting a chance to see new places?

While you’ll work a lot and it’s by no means an easy job, you will get a lot of benefits out of it, such as discounted tickets for you and your family.

6. Cruise Ship Employee

Working on a cruise ship makes traveling a full-time job.

Cruise ships offer everything you can imagine, which means they need a ton of employees to make the ship run smoothly. Whether you’re an engineer, server, cleaner, or performer, there’s a spot for you!

Not to mention, you get free time to see the cities you stop in, just like everyone else on the cruise!

7. Scuba Diving Instructor

Working as a diving instructor allows you to travel the world while exploring the parts of it a lot of people don’t get to experience.

It takes time to become a certified scuba diving instructor, so you’ll have to spend at least six months learning before you take off. 

But it’s totally worth it.

Once you’re certified, the world is your oyster. You can go anywhere there’s an ocean to dive in and show people the wonders beneath the surface.

8. Telemedicine

If you’re already in medicine and don’t want to leave your profession, we’ve got the job for you!

Join the world of telemedicine and offer your services online while you travel. A telemedicine practice allows you to travel at your own pace while earning an income and still helping others.

However, it’s crucial to pay attention to the laws surrounding telemedicine. Do your research!

9. Massage Therapist

Massage therapists are highly sought after in the hospitality industry. Cruise ships, resorts, training facilities, and spas are always looking to hire trained professionals.

You can take open positions for short periods of time at established places or carry a portable massage table to offer your services on a freelance basis.

As long as it suits your lifestyle, that’s what’s important!

10. Software Engineer

Working mainly on a laptop makes it remarkably easy to travel the world. That’s why a career as a software engineer is so compatible with getting out and about.

The most important thing for this one is always making sure you have a stable internet connection so you can keep in touch with clients.

You don’t want anyone to think you’re going AWOL. That’s a great way to lose business! 

11. Graphic or Website Designer

In a similar fashion, graphic designers and website designers work primarily on their computers. As long as your laptop, iPad, or whatever you use will fit in your luggage, you’re free to go.

You can easily create things while you travel without it interfering with your work.


In Conclusion

There is this picture fed to us as children of adult life that includes a 9-5 job in an office and buying a home to settle down in. But what they never tell you is that there is so much more out there in this ever-changing world of ours.

That’s why there is so much beauty in successfully combining travel and career.

Whether you choose one of eleven amazing jobs or find another, we’re rooting for you. Get out there and show the world what you’re made of!

[Client bio]

Ryan Sundling is a group marketing manager at Cardinal Group Management, where he works with West 38, a community of apartments in Wheat Ridge, CO.

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Secure Your Parents Health With Corona Kavach Policy

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Buying adequate medical insurance for parents is possibly the best way to secure their health. The COVID-19 pandemic has been giving a tough time to everyone. Simultaneously, medical inflation is making it difficult for everyone to afford medical treatment.

Keeping this in mind, the Insurance Regulatory and Development Authority of India (IRDAI) has introduced Corona Kavach Policy. Health insurance providers offer health insurance that covers hospitalization expenses for the COVID-19 treatment.

Corona Kavach Policy has come as a boon as it is a cost-effective medical insurance plan that takes care of the medical expenses related to coronavirus treatment.  Let’s get into more details about this policy:

What is Corona Kavach Policy?

Corona Kavach Policy is a health insurance policy that will let you and your family stay worry-free about the treatment due to the coronavirus. It is an indemnity-based plan that covers hospitalization expenses related to COVID-19. This health cover offers maximum coverage of Rs.5 lakh at a reasonable premium. You can buy it as medical insurance for parents or individual policy.

How is Corona Kavach Policy Helpful for Parents?

Senior citizens are more prone to get infected because of their weak immune systems. Moreover, the cost of treatment is rising, making it difficult for elderlies to bear the treatment expenses when they already have limited income. Coronavirus health insurance helps you to avail the best possible treatment for your parents if they tested positive.  Below are its essential benefits:

Coverage for Hospitalization Expenses: Your parents will get coverage for hospitalization expenses to treat the infection, such as room, nursing charges, ICU, ventilator charges, etc.

Pre and Post Hospitalization Expenses Cover: The policy also covers medical expenses 15 days before hospitalization or home care treatment & 30 days from the discharge date from hospital or completion of home care treatment.

Sum Insured Option: You can choose the sum insured up to Rs.5 lakhs according to your family healthcare that suits your pocket.

Minimum Waiting Period: Coron Kavach Policy has only 15 days waiting period from the date of policy issuance.

Home Care Treatment- Your parents can also avail of home care treatment under this policy maximum of 14 days per incident if prescribed by the Medical Practitioner.

Hospital Daily Cash- It is an additional cover under which you can get daily hospital cash to bear those extra expenses during COVID-19 treatment.

Cashless Hospitalization Facility- If you opt for this policy from the trusted brands like Care Insurance, Go Digit, etc., your parents can avail of cashless hospitalization.

AYUSH Coverage: If you want to alternate medicines, AYUSH (Ayurveda, Unani, Sidha, & Homeopathy) coverage is also available under the policy.

Tax Benefits: You can also avail of tax benefits under section 80D of the income tax act of India 1961. 

Top Health Insurance Companies Offer Corona Kavach Policy

  • HDFC Ergo Health Insurance
  • Care Health Insurance
  • Go Digit Health Insurance
  • Max Bupa Health Insurance

Conclusion

After a certain age, your parents need proper medical attention due to various health risks. At present, you must opt for the Corona Kavach Policy to ensure their safety during the pandemic. It provides timely treatment and speedy recovery.

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Essential Project Management Skills for Startups

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witemypaper123.com

A startup company might find a problem to manage their projects on time. New employees should be experienced enough to handle things smoothly. Project management can only be handled by an expert person who knows about it. A fresh person can also do the same but if he or she has the following skills. These skills will be enough to manage a project for the startup company. An effective approach to handle a project is much necessary rather than an experienced person following a bad strategy for it. If you want to get help for writing up your next business plan you can order it from such services like witemypaper123.com.

Knowledge about WordPress Plugins:

Everyone has used WordPress once in their life, especially the people who handle the website. Luckily, there are some plugins present in WordPress that can help manage the project. These plugins will handle your variety of tasks, which include, team’s calendar which will help in coordinating the project with other team members. They can interact with the project while leaving any comment or attaching any file. There are also plugins for the dashboard which shows you the progress of the project. Some plugins are paid, if you are ready to pay then project management plugins might give the best productive project results.

Proper workflow:

There is a saying, “An idiot with the plan can beat the genius without the plan”. Well, it is time to agree with this quote. To ready a project, you must need a proper workflow and plan every step of it in detail. Spend some time thinking about it and make it look like a masterpiece so that your employees also enjoy working for it. The slightest mistake can ruin your project so plan everything according to it. Present it with graphical representation, decide its budget and find any partner to collaborate on the project, if needed.

Management skills – time and team management:

Management skill is most needed when you start working for the project. Time management skill is necessary to achieve your desired project results within time. Prioritization of tasks is done and the progress of the report is tracked. The important part is to divide the work into the team member and this is where team management skill comes into the picture. The task is divided depending upon the capabilities of team members and how their work will increase the productivity of the project.

Access to a variety of tools:

There are categories of tools that will help you to plan and schedule the project. Having access to these tools will make you manage your project and simplify your task. These software-based tools will help you to communicate with your partners collaborating in the project and host virtual meetings.

Accept new changes and closeout report:

If you done a mistake at any step of the project, then don’t hesitate to change it. Startup companies always have to change their strategy to get success and run their business. Always listen to other people’s opinions and learn from mistakes. Note these mistakes in your report and make a comprehensive and detailed file on it. This will help you to improve the results of the project.

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Know About All Types of Fitness Insurance Valid in Australia

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Know About All Types of Fitness Insurance Valid in Australia

If you’re associated with the fitness industry in Australia, then you must have fitness insurance. Whether you are a trainer, a coach, or a gym owner, having the relevant coverage is crucial. Because you never know when things can turn around. Anything can happen in just a second. Like one tiny mistake may end your whole career.

Having insurance coverage can help you in such a situation. Plus, as a bonus, this insurance serves as a good foundation for your professional career. But, there are several types of insurance available in the market. It is a little challenging to choose one that serves you best.

To help you make a wise decision, below we have given the key points of all the options you have:

Fitness Student Insurance

If you are still completing your fitness studies (diploma or certification), you can have free student insurance through a non-profit industry association known as Fitness Australia. You can use it alongside your work experience while completing your fitness education. The application process for this insurance is very simple; you just have to go to the official website of Fitness Australia and register yourself. This association also has a “help centre” on its website that guides students with the complete process and resolves their queries.

The coverage period of this free student insurance policy is 12 months, provided that you are enrolled in the studies throughout this period. The coverage amount is $10 million for public liability, product liability, professional indemnity cover, and $100,000 to cover legal fees.

After you get the certification or the diploma, this insurance won’t work for you anymore. Then you will have to buy a personal trainer insurance policy. The policy you choose should at least contain the Professional Indemnity and Public Liability insurance.

Insurance For Professional Indemnity

This insurance covers you against the claims from a third party (clients) stating that your service, advice, or assistance as an instructor or trainer was irresponsible and caused them physical or financial damage. Examples of such claims are – claim for personal injury due to the instructor’s carelessness, a claim for a training program that is ineffective or unsuitable to the client.

Public Liability Insurance

This type of insurance protects your profession against the claim made by a public member that alleges that the person was injured on your premises or the person’s property is damaged due to your business tradings. For example, if someone slips over gym equipment and gets hurt, the person can demand you compensation for physical damage, medical expenses, and the loss of earnings.

Although no one would want something like this to happen, it’s crucial to have coverage for any such unlikely event.

Additional Policies

There are also several additional insurance policies available for personal trainers. You can consider these policies to ensure that you are financially covered for any undesired situation. Let us unpack some of these that we recommend taking into account:

Equipment or Contents Insurance

If you have your personal fitness equipment, then you must consider having this insurance. Nowadays, high-quality fitness machines are quite expensive, so it’s wise to get a cover against any damage, theft, or loss.

Insurance For Income Protection

The job of a personal trainer demands the person to be physically healthy. God forbids, but if someday an injury or illness happens to you, you will require some time off from work to return to health. And for that time, you will be unable to earn. That’s where income protection insurance comes into the picture. This insurance offers you a replacement amount of your regular income when you can’t work due to an injury or bad health. Having this insurance will ensure that you can pay for your living expenses even when you’re not in the right condition to work.

Final Thoughts

Almost every gym and fitness centre in Australia requires trainers to have their own insurance. Also, having personal trainer insurance is a prerequisite for obtaining council permits and working outdoors. So, think through your requirements and choose all or either of the fitness insurance given above.

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See 5 tips to help you save money

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Five Practical Ways to Save Money

1.    Say arrivederci to debt.

 Monthly debt payments area unit the most important cash suck once it involves saving. Debt robs you of your income! Therefore, it’s regarding time you get eliminate that debt. The quickest thanks to pay off debt is with the debt snowball methodology. This can be wherever you pay off your debts, so as from smallest to largest. Sounds reasonably intense, right? Don’t worry, it’s additional regarding behaviour modification than numbers. Once your financial gain is freed up, you’ll finally use it to create progress toward your savings goals.

2.    curtail on groceries.

 Most people—after they are doing a budget—are afraid to seek out what quantity they’re truly payment at the grocery every month. And if you’re the typical yank family of 4 (with 2 children five and under), you’re in all probability payment around $929.1 Yikes! It’s straightforward for steer through those aisles, grabbing a bag of Oreos here and much luggage of chips there, then high it off with the fun goodies at the register. However, those very little purchases (aka budget busters) add up quite bit and find yourself processing the budget each single month. Save money on groceries by designing out your meals hebdomadally and taking an honest cross-check what you have already got in your storeroom before you head to the shop. As a result of why would wish you would like you wish} to shop for additional of what you already have? And if you actually want to stay to your list—leave the youngster’s reception. Want to save lots of cash and time? Attempt online grocery pickup or delivery. The most major grocery stores provide it currently (sometimes even for free), and it will save plenty of cash. Knowledge your groceries gets remove the lure you would’ve had afterward you wedged a smell of these newly baked brown chip cookies float through the passageways. In alternative words, you’re forced to stay to your list and avoid those impulse splurges.

3.    Cancel automatic subscriptions and memberships.

 Chances are a unit, you’re paying for multiple subscriptions like Netflix, Hulu, Spotify, athletic facility memberships, fashionable subscription boxes and Amazon Prime. It’s period to cancel any payments you don’t usage on the even. And make certain that you just close up auto-renew after you create a buying deal. If you cancel it and choose you can’t go while not it, subscribe again—but providing it fits into your new and improved budget. And for those subscriptions you are doing wish to stay around, believe sharing memberships with some family or friends. Plenty of streaming services, like Netflix and Hulu, allow you to watch your favourite shows from 2 or additional screens (with associate upgraded account). That way, everybody wins—and saves! See 5 tips to help you save money by clicking here.

4.    obtain generic.

 Hands down, one in all the simplest ways in which to save lots of cash is to present name brands the boot. In most cases, the sole issue that’s higher regarding brand-name merchandise is the selling. I mean, cross-check that box! The brand is therefore, fancy! And that’s regarding wherever it ends. Generic brands of drugs, staple food things (like rice and beans), cleansing provides and paper merchandise price so much but their brand-name, dirty friends—and they work even as well too.

5.    Cut ties with cable.

 It’s no secret that cable costs area unit rising like thunder. The typical monthly value for cable TV is regarding $107 a month—which adds up to over $1,200 a year!2 Here’s the nice news: Cable isn’t the sole thanks to watch your favourite shows currently. Cut the twine and determine the way to save huge with alternatives to cable like network apps and streaming services. However, remember—don’t go subscription service happy here. Solely sign in for the streaming services you’ll truly use. If you sign in for everything out there, you may find yourself truly payment over cable!

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