Hey friend,
We're officially entering the most wonderful time of the year for freelancers and small business owners: year-end tax planning season! Yay! I had my tax-planning meeting with my accountant last week and it was everything I dreamed it would be and more.
Fellow small business owners, freelancers, and self-employed folks, this is your annual reminder to get with your accountant. It's the sign you've been waiting for. I know the end of the year already feels like a mad dash, but getting some clarity on your taxes can be a bit of comfort during year-end chaos.
Your favorite finance friend,
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1. 🤓 How to Prepare for a Year-End Tax Planning Meeting with Your Accountant (HYG Original) If you're trying to find ways to save on taxes, don't wait until tax season. By then, it'll be too late. 🤓2. 👗 Why are Instagram fashion brands selling the exact same clothes? (Vox)
3. 👹 How to Troll an NFT Owner (Slate) On NFT etiquette. 4. 👋🏾 It’s Official: The Era of Cheap Everything Is Over (Intelligencer) 5. 🤓 A Bookkeeping Thing - Everything You Need to Know About Small Business Taxes (HYG Original) A primer on how to think about small business taxes. 🤓
6. 🐖 What Should I Do With My Big Fat Inheritance? (New York Times) “Almost any inheritance entails profiting from the sins of the past. An awareness of historical mistakes is salutary, but the task is to help put things right in the future.” 7. 📈 A Former Facebook VP Thinks Investing in Humans Is the Future of VC (Vice) “By applying the venture model to humanity, Lessin believes he might have stumbled into the solution to one of society’s longest-standing and most burdensome issues: debt. ‘It's so fucked that young people have all the equity value—because they’re the ones that are gonna do the work, provide for the future, they have all the future potential—but they don't have any of the cash.’ Lessin said. ‘They’re totally disadvantaged versus the boomers who are old and increasingly doing nothing but have all the money. It's completely socially imbalanced.’” 8. 🥵 A Good Newsletter Exit Strategy Is Hard to Find (Vanity Fair) “The realities and pressures of the digital economy have made subscription newslettering just as much of a grind as the nine-to-five job you quit to do this in the first place. Obviously, it isn’t the newsletter format, or even the general Substackification at fault here: I maintain that mainstreamed mechanisms for directly supporting work on the internet is still a net good. Still, it’s clear that basic ideas about digital publishing, both old and new (the default weekly-ness of newsletter publishing, the industry standard $5-per-month subscription floor) deserve to be questioned alongside more general modern premises like ‘productivity’ and the ‘work day.’”
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🤓 Did you hear? We're offering a portion of our classified ad space to newly created, not-yet-profitable, BIPOC, or female-identifying owners through 2021 free-of-charge to our subscriber community. Do you have a project or business that could use a boost during these weird times? Let us know about it, and we'll schedule it to appear in The Nerdletter. 🤓
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We can't do this work without you. Thanks for being part of the crew and reading this far. Peace.
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