Renting out your own car on Turo can generate real income, but Turo's taxes catch many new hosts off guard. This guide walks you through exactly what Turo hosts owe, which forms to file, what you can …
Accounting, Bookkeeping, & Tax Blog
Your small business resource for accounting, bookkeeping, and taxes from our experts.
Filtered by: 1099
As a Tasker, you're an independent contractor which changes everything about how your income is taxed. This article walks you through exactly what you need to know as a Tasker, including how your inco…

Freelancer Contract Checklist
Key Items to Include
Getting your contract right is one of the most efficient steps you can take to protect your work and your income. Use this guide to learn what belongs in your contract, especially around intellectual …
Renting out your own car on Turo can generate real income, but Turo's taxes catch many new hosts off guard. This guide walks you through exactly what Turo hosts owe, which forms to file, what you can …
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As a Tasker, you're an independent contractor which changes everything about how your income is taxed. This article walks you through exactly what you need to know as a Tasker, including how your inco…

Freelancer Contract Checklist
Key Items to Include
Getting your contract right is one of the most efficient steps you can take to protect your work and your income. Use this guide to learn what belongs in your contract, especially around intellectual …
Should NIL Athletes Form an LLC?
Pros and Cons
Should NIL athletes form an LLC or is that overkill for a college student with a few brand deals? The answer depends on your income level, how many deals you're juggling, and what you're trying to pro…
Uber drivers can earn extra cash to supplement a part-time job or even replace a full-time salary working for Uber. However, rideshare drivers must navigate complicated income tax rules. This article …

You land your first freelance client, quote what sounds like a solid hourly rate, and feel great about it. Then tax season arrives and after paying self-employment taxes, software subscriptions, and a…

Is a 1099 Considered Self-Employed?
Guide for Contractors
The IRS doesn't define your tax status based on which form you received. What matters is the nature of the working relationship behind that form. Use this article to understand the IRS's definition of…

Do Freelancers Need Business Insurance?
A Breakdown by Industry
Whether freelancers need business insurance doesn't have a simple yes-or-no answer, it depends on your industry, the nature of your work, and more. Use this guide to determine if your freelancing busi…
As a Lyft driver, tax season brings unique challenges that go beyond typical employment tax situations you may be used to. Understanding how to properly interpret and use your Lyft 1099 forms is cruci…

Operating as an LLC is a decision with its own set of tradeoffs worth understanding before official formation. Use this guide to learn what an LLC is, how it can affect your taxes, and whether it's th…



