The answer depends on your net income and filing situation, but a starting point of 25–30% of net earnings works for most drivers. This article breaks down the two taxes you owe, a practical set-aside…
Accounting, Bookkeeping, & Tax Blog
Your small business resource for accounting, bookkeeping, and taxes from our experts.
Filtered by: Taxes

Tax Benefits of Forming an Airbnb LLC
The Pros and Cons
Whether you’re an experienced rental host or just starting an Airbnb business, forming an LLC could benefit your operations. Use this guide to learn about the tax benefits of forming an LLC, how your …
When you sell on Amazon, you're self-employed, which means every dollar of profit lands in your account with zero taxes withheld. This article focuses on income tax and self-employment tax considerati…
The answer depends on your net income and filing situation, but a starting point of 25–30% of net earnings works for most drivers. This article breaks down the two taxes you owe, a practical set-aside…
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spend less on accounting

Tax Benefits of Forming an Airbnb LLC
The Pros and Cons
Whether you’re an experienced rental host or just starting an Airbnb business, forming an LLC could benefit your operations. Use this guide to learn about the tax benefits of forming an LLC, how your …
When you sell on Amazon, you're self-employed, which means every dollar of profit lands in your account with zero taxes withheld. This article focuses on income tax and self-employment tax considerati…

Walmart Spark Driver Taxes
Calculations, Deductions & Filing
Juggling your tax responsibilities while delivering for Walmart's Spark Driver platform can be challenging. Use this guide to understand your tax obligations for the year and the opportunities to redu…

Understanding Short-Term Rental Tax
Is There a Loophole?
While popular short-term rental platforms like Airbnb and VRBO have provided a new revenue stream for short-term rental property owners, it can complicate their tax situation with unanticipated comple…

Can You Write off a Leased Car?
What You Need to Know
Self-employed individuals, freelancers, and small business owners who lease a vehicle can deduct part of the cost, using either the standard mileage rate or the actual expense method. Use this blog to…

Understanding Usage Rights
A Guide for Freelancers
Usage rights determine who can use your creative work, where, for how long, and under what conditions. This guide covers how license types work, how to write them into your contracts, pricing consider…
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How to File Taxes as a Shopify Seller
Quick Guide
While Shopify may collect sales tax on your behalf depending on your settings, reporting your income to the IRS is entirely your job. This guide walks you through filing taxes on Shopify, covering eve…

Use this article to examine your tax responsibilities related to your eBay selling activities. You'll learn about income thresholds that may trigger the need to report your income, essential tax forms…
Thumbtack taxes work differently than a regular employee paycheck, because Thumbtack classifies its pros as independent contractors. That distinction changes how you file, what you pay, and what you c…

