Determining whether you are considered as a resident or non-resident of Canada can be quite confusing given the fact that receiving rent from Canadian real estate or disposing of Canadian real estate can make you subject to Canadian income taxes. This article will help provide guidance for U.S. Residents who have Airbnb’s in Canada and the respective reporting requirements. For Non-Residents If you are a non-resident of Canada and you have taxable rental income in Canada as a res […] […]
Legality of Operating as a Sole Proprietor (and Things to Consider)
While we’re not lawyers and cannot give legal advice, we do often times get questions from 1099 contractors on the legality of operating as a sole proprietor (e.g. not having a legal entity such as an LLC or S-Cop or C-Corp) so we wanted to put this post together to help provide you with insight. […]
A Complete Tax and Finance Guide for Thumbtack Professionals
Individuals go to Thumbtack everyday looking for professionals to hire to help them with personal projects. As a Thumbtack professional, you can use the platform to find new customers. However, you will still need to pay taxes on the earnings that you make through Thumbtack. Here is a complete finance and tax guide to help […]
How to Register Your Rideshare Business in San Francisco
According to the new regulations, all Rideshare Drivers in San Francisco are required to Register their business. You can do so online on the San Francisco Treasurer and Tax Collector website. Below is a step-by-step guide on how to register your business: The first step in the registration process is filling out and submitting the […]
Should I Incorporate or LLC My Rideshare Income?
Within our first year of business, we are fortunate enough to have served over 500 potential clients. One question we often get from Rideshare Drivers is: “Should I incorporate or LLC my driving income?” While we are not lawyers and cannot give legal advice, we can speak about the tax filing requirements. Below are a […]