Category Archives: Record Keeping

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Tax Tips for Gig Workers – Uber | Lyft | DoorDash...

Prior to covid-19, the gig economy seems to be on steriods. The emergence of Amazon, Uber and Lyft, Airbnb, InstraCart, Grubhub, DoorDash were all new entries into the way we now live. More and more people tend to use gig work to supplement their...

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IRS Rules Regarding 1099’s

Below are the IRS 1099-Misc. rules regarding paying someone for services they provide.  File Form 1099-MISC for each person to whom you have paid during the year: At least $10 in royalties or broker payments in lieu of...

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What is Schedule C (Form 1040) – Uber, Lyft and Taxi...

If you earned $600 or (someone pay you $600) or more, you were not an employee of a company or the person that paid you the $600, you are consider Self-Employed or an Independent Contractor for IRS tax filing. You will have to file Form Schedule...

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Tax Planning Requires Good Record Keeping

The Internal Revenue Service - IRS encourages people to plan for tax season. Like all of us, we just don't. Below are tips recommended by the IRS What taxpayers can do now to get ready to file taxes in 2022 There are steps people, including those...

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