Are you involved in the gig economy - or the labor market made up of freelance and other temporary work - that's gaining popularity? This type of sharing economy involves individuals and groups who connect with others through technology to make money using assets they already own (like cars and houses), often doing everyday tasks. Gigs can range anywhere from Air-b-n-b hosting and delivering groceries to ethical hacking or designing blockchain technology for cryptocurrencies.
While participating in the gig economy can put cash in your pocket, it also triggers tax obligations and possible opportunities. Here are some helpful tax tips to keep in mind:
If you have tax questions about your gig, call today.
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145 Tower Drive, Suite 4
Burr Ridge, IL 60527
Phone (630) 320-3720
To better serve our clients and friends, to keep you up-to-date and informed, our blog is a resource for tax tips and overall accounting related articles. We hope you find this useful!