Mar 1, 2018 | Airbnb Taxes, Rideshare Taxes, Tax Tips
With the passage of the Tax Cuts and Jobs Act of 2017, 2018 brings a number of tax changes for both individuals and businesses. For 1099 contractors, it is especially important that you keep up with these changes so that you can ensure that your taxes are properly...
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Oct 18, 2016 | Airbnb Taxes, Rideshare Taxes, Tax Tips
If you participate in the sharing economy by working as a 1099 contractor or by renting your home on Airbnb, you know that you will likely be required to pay taxes on your income. But just how much do you need to save in order to cover your tax payments? Here is a...
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Apr 25, 2016 | Rideshare Taxes
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...
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Mar 2, 2016 | Rideshare Taxes
If you have just purchased a new car within the past year to use for your Uber or Lyft business, you must choose whether to use the standard mileage rate or Section 179 to take a deduction. Here is why the standard mileage rate doesn’t make sense if you’ve purchased a...
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Dec 28, 2015 | Rideshare Taxes
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...
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Dec 14, 2015 | Rideshare Taxes
Tax season is quickly approaching and if you do not make expenses before December 31, 2015 that relate to your ride-share business, you will not be able to take those tax deductions on your tax return until next year. For this reason, we have compiled a few expenses...
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