[3-2-1] Taxes Explained for Content Creators and a New Law that affects LLC Owners

Happy Friday!

As promised here is your weekly 3 - 2 - 1 update bringing you the most relevant and actionable insights for the week.

1 “Time Well Spent” Video

Are you a YouTuber or content creator navigating the maze of taxes? Join Dan Nicholson and his guest Dominique Jordan, as we dive into the world of taxes for YouTube creators and content creators of all industries. Discover common tax deductions often overlooked by content creators, the importance of proper expense categorization, and insights into optimizing your tax strategy.

2 “Deep Dive” Articles

The Corporate Transparency Act (CTA), enacted in 2021, has introduced new reporting requirements for many companies operating in the United States. These requirements, centered around Beneficial Ownership Information (BOI), aim to enhance transparency and combat illicit financial activities. Here’s why LLC owners, in particular, should pay close attention.

In the swiftly evolving sphere of digital work, efficient collaboration is rooted in effective communication etiquette. As more workplaces become completely remote or adapt to hybrid models, the need for concise and considerate digital communication is crucial. This article breaks it down for you with helpful tips on how to improve your communication in a digital workplace.

3 “Stay Ahead” Articles

There are many things that contribute to the success of a team: steady finances, great leadership, creativity, and innovation. But experts say there’s another valued element to organizational success. It’s called “psychological safety,” a term coined by Harvard Business School professor Amy Edmondson. She and others agree that it is key to fostering engagement, motivation, innovation, and continuous learning. As leaders strive for open communication and team harmony, the journey to genuine psychological safety within their team is riddled with challenges. Here, we delve into the intricacies of building psychological safety and the common missteps leaders take in their pursuit.

Despite cautious optimism from the Federal Reserve in December, not everyone is convinced that the U.S. economy will avoid a recession in 2024. Small business owners are particularly concerned about the coming year, according to the U.S. Chamber of Commerce’s Small Business Index report for the fourth quarter. Economists and experts have expressed mixed opinions, with some predicting a spring or summer recession and others hoping to escape it altogether.

Becoming a CEO is not just a title change; it's a transformative journey that founders undergo as their startups evolve into established businesses. The transition from startup entrepreneur to growth-stage CEO is marked by distinct stages, each requiring a unique set of skills and mindset.

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The Rigging the Game Newsletter Team