Financial Inclusion Commission’s Post

10 Financial Challenges Unique to Freelancers and How to Tackle Them https://lnkd.in/eAaS5t4y

10 Financial Challenges Unique to Freelancers and How to Tackle Them https://lnkd.in/eAaS5t4y

Frustrated with Unmet Payment Obligations I’m currently dealing with a situation where a client is not fulfilling their payment commitments over months. Despite my hard work and countless sleepless nights dedicated to this project, I’m left deeply disappointed by this lack of professionalism. It’s important to note that the challenges faced in the market are not due to any shortcomings on my part. The failure to deliver results is not reflective of the effort and expertise invested. Due to concerns about potential defamation claims, I’m unable to name the individual involved. Nonetheless, it’s crucial to recognize the impact such actions have on freelancers who put their all into their work. For those encountering similar issues, know that you’re not alone. #FreelanceChallenges #PaymentIssues #Professionalism #MarketReality

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

SECP registered(during FY 2023-24) > New Companies: 27,542. > Single member companies: 39% > 99.8% of companies were registered online. However the freelancer to tech and/or services company is a value chain that is happening most for new economic value generation. Easing all friction around it is critical. But banks won’t even give freelancers credit cards because they can’t show a salary slip.

📢 Friendly reminder for my US-based friends, followers, and colleagues with LLCs (limited liability companies): Have you filed your beneficial ownership information report with the U.S. Department of the Treasury? This reporting requirement is part of the Corporate Transparency Act that went into effect earlier this year. ➡️It's free to file. ➡️The penalties for NOT filing are stiff. ➡️You have until Jan 1, 2025, to file, but why wait? It's easy to do online (I have two LLCs and filed my reports last month). If LinkedIn lets me, I'll include a link in the comment to an article from the Freelancers Union that goes into more detail. 🔥 HOT TIP 🔥 Tell your clients about it, too. The reporting requirements apply to corporations, limited liability companies, limited partnerships, limited liability partnerships, professional corporations, professional limited liability companies, business trusts, and other types of legal entities. So far, only a small percentage of the 32+ million private companies that have to report have done so, according to the Freelancers Union.

Looking for financial consultants without worrying about hidden fees? When collaborating with us, there are absolutely no hidden fees. We believe in complete transparency. Tell us about your needs and let us connect you with top consultants in the financial market place. Visit our website www.wpyit.com to discover how we can help you find the ideal consultants to meet your specific needs. #weputyouintouch #wpyit #freelance #consulting #finance #Luxembourg