Forget to File Your 1099? Tax time is upon us. As we all scramble to get our tax documents together, you may wonder what the repercussions are if you forget to file some of that paperwork. In this post we take a look at the 1099. What is the 1099? If you receive income from
The Other Side of the Gig Economy It is undeniable that the way we look at employment is rapidly changing. Increasingly, people are choosing to live their life in the gig economy. Many participate to supplement their current incomes – maybe they want to maximize their earning potential outside of their jobs – or they
Setting Up Contracts as a Freelancer Whether we like it or not, our modern day depends largely on contracts. From your cellphone contract to the contract you make when you promise your account has sufficient funds to pay for something you buy, there are contracts in place everywhere for our protection. Nothing could be more
Freelancing – The Pros and Cons of Setting an LLC v. Sole Proprietorship When someone decides to freelance, one of the first steps is to properly set up their business structure. The business structures that oftentimes make the most sense is either an LLC or sole proprietor. Let’s take a look at the pros and
How To Start Freelancing Last week, we discussed the rise of the gig economy and its prevalence in light of today’s technology. Today, over 54 million Americans are choosing a freelance business and lifestyle over a traditional career. Whether it’s the flexibility or autonomy that is drawing what seems like everyone to freelance, there is
WHO OWNS THE COPYRIGHT IN WORK CREATED BY A CONTRACTOR? A trap for the unwary It’s really basic: ownership of the copyright in work a business pays for can often be critical for successful commercialization of that work. Unfortunately, the U.S. Copyright Act contains arcane provisions that will often produce a counterintuitive result – leaving
As the 2017 tax year is coming to a close, taxpayers will begin to gather their documents and records together so they can submit their tax returns. Most taxpayers will have to report income from either a W2 or 1099 on their tax return. It is important to be aware of the differences of these
A self-employed individual is required to file an income tax return if: Their net earnings from the business were $400 or more during the tax year. If the earnings were less than $400, they will not be required to file a return. However, if the taxpayer meets any other Form 1040 filing requirement, then they
Moving into a new apartment and don’t know where to start to hang a picture frame? Don’t know anyone who can help? Don’t even have the tools to get the job done? The gig economy can address all of it. The gig economy – also known as the sharing economy, the platform economy,
Self-employed tax filers face many different tax issues as opposed to employed tax filers. We’ve compiled some helpful tips for individuals that are dealing with self-employment tax issues. Individuals are considered self-employed if they: Carry on a trade or business as a sole proprietor or an independent contractor. Are a member of a partnership that
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Receiving or sending Form 1099, what if you forget?
The Other Side of the Gig Economy
You’re a freelancer — Now what… Contracts!
Freelancing – The Pros and Cons of Setting an LLC v. Sole Proprietorship
How To Start Freelancing
WHO OWNS THE COPYRIGHT IN WORK CREATED BY A CONTRACTOR? A trap for the unwary
Tax Season is Approaching: W-2s and 1099s
Self Employed Vs. Employee Part II
The Gig Economy — Is it Growing?
Self-Employed vs. Employee Part. 1
Recent Grad? Rapid industry experience at Startups!
What Happens During an Audit “Part 2”
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