Your tax rate determines how much you pay in taxes. There are currently 7 tax brackets, ranging from 10% to 35%, where you fit into the tax brackets will depend on your income. Sounds pretty straight forward, but there is actually a little more to it. The US has a progressive tax system, meaning the […]
The Sharing Economy has changed the way we conduct a lot of business. From where we stay when we travel, to how we care for our pets, and even how we get from point A to point B. Ridesharing like Uber and Lyft have pioneered the Sharing Economy industry, paving the way for companies like […]
Renting an extra room on Airbnb is a great way to generate some side income. However, the income you earn isn’t tax-free. Some hosts only use the platform to supplement their income but, for others, it’s a full-time business. Either way, every dollar you earn on Airbnb could affect your tax situation, so it’s important […]
Self employed taxes can be a hassle. However, you need to understand them if you want to run a successful business. Each tax situation is unique, so you should at least understand what you’re up against. If taxes drive you crazy, you’re not alone. However, every business owner should be aware of their potential tax […]
As a small business owner, you work hard to protect your business and your assets. In a perfect world, everyone gets along all the time and agrees and authenticates financial agreements. However, as a small business owner, you may be faced with some disagreements at some point in time. Perhaps a customer damaged your property, […]
If you have been working freelance using sites like Upwork, you may be wondering how to file Upwork taxes. Regardless how often you work on Upwork, your income from the platform could affect your tax requirements. Here is what you need to know about Upwork taxes. Upwork Tax Information As an Upwork freelancer, you need […]
If you work as an independent contractor or are self-employed it is important to stay up to date on the latest tax changes. As we start gearing up for tax season, you may be wondering what has changed for tax year 2019 (filed in 2020). With the passage of the Tax Cuts and Jobs Act, […]
Tax season is right around the corner, and with that, you may be thinking about ways you can save on your taxes. As an Uber driver, you are generally considered a contract employee or self-employed. Though some states are trying to change that, Uber maintains its drivers are self-employed. As a self-employed taxpayer, you can […]
Turo car rental can be a great way for fleet owners to get the most out of their vehicles. You can find everything you need to get started inside. […]