Download or read book Taxes In Today s Gig Economy written by Leonardo Tillberry and published by . This book was released on 2021-08-11 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the 2018 Freelancing in America report published by the Freelancers Union, almost 57 million Americans earn their living on a per-contract basis. This number represents a 3.7 million worker increase since 2014. Last year, the Freelancers Union speculated that 50% of Americans will be full-time freelancers by 2027. If you're working in the gig economy, you should read this book! If you're doing your own taxes and you want to know many of the issues ahead of time, you should read this book! If you're using a tax preparer, you should read this book so that you know how to keep records properly throughout the year, and so you know what records to bring along with you when you meet with your preparer! If you're a CPA, Enrolled Agent, or tax preparer who needs an easy way to inform your clients about how their taxes work and what records they need to bring to you, you should give them this book! If you're thinking of working in the United States and you need to know something about the income tax issues you might face here, you should read this book!
Download or read book Taxing the Gig Economy written by Kathleen DeLaney Thomas and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to advances in technology like mobile applications and online platforms, millions of American workers now earn income through “gig” work, which allows them the flexibility to set their own hours and choose which jobs to take. To the surprise of many gig workers, the tax law considers them to be “business owners,” which subjects them to onerous recordkeeping and filing requirements, along with the obligation to pay quarterly estimated taxes. This Article proposes two reforms that would drastically reduce compliance burdens for this new generation of business owners, while simultaneously enhancing the government's ability to collect tax revenue. First, Congress should create a “non-employee withholding” regime that would allow online platform companies such as Uber to withhold taxes for their workers without being classified as employers. Second, the Article proposes a “standard business deduction” for gig workers, which would eliminate the need to track and report business expenses. Although this Article focuses on the gig economy as an illustration of how the workplace has evolved in recent years, the proposals could apply more broadly to taxation of small, individually run businesses. In an era when the use of cash is on the decline and information can be shared rapidly and at little cost, it is time for policymakers to institute a more modern tax enforcement regime for small businesses.
Download or read book The Sharing and Gig Economy Effective Taxation of Platform Sellers Forum on Tax Administration written by OECD and published by OECD Publishing. This book was released on 2019-03-28 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report looks at approaches to help ensure the effective taxation of those earning income from the sale of goods or services in the sharing and gig economy.
Download or read book The Future of Work the Gig Economy and Pressures on the Tax System written by C.M. Black and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In a number of common-law jurisdictions, gig workers (that is, workers who provide services through the use of web-based digital platforms) have recently sought to claim labour protections reserved for employees, such as the minimum wage, sick leave, and protection from unfair dismissal. These cases often involve the application of the multifactorial common-law test of employment to this new context, and the outcomes turn on the specifics of each case. In addition, classification as an employee has ramifications for a variety of tax matters. In this paper, the author considers whether the tax rules currently in place to capture non-standard employment arrangements have sufficient flexibility to capture gig workers. The focus of the analysis is Australian taxes (in particular, income tax, compulsory retirement savings contributions, and payroll tax), but reference is also made to similar issues under the laws of Canada. The author submits that, with respect to Australian income tax, gig work does not present a substantial risk to the tax base as a legal matter; however, a risk to the national revenue base comes from the compliance gap that is exposed when workers are no longer covered by employers' withholding mechanisms but are not picked up by tax administration regimes designed with larger businesses in mind. The author suggests that reliance on the registration of small businesses through the Australian business number, coupled with a new mandatory reporting regime for gig work platforms, would go a long way toward filling the transparency gap, and that doing so would both foster the voluntary compliance of gig workers and provide revenue authorities with data that could be used to detect non-compliance. A real risk exists that many gig workers will be outside the scope of the retirement contributions scheme and payroll tax and that the government, in consequence, will need to consider whether it is appropriate policy to change the law to include these on-demand workers.
Download or read book RetireSmart II written by Mark Anthony Grimaldi and published by Page Publishing Inc. This book was released on 2022-05-25 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of hard-working Americans wake up every day and go to work as part of the gig economy. But gig workers often aren’t prepared for the next step—retirement. Why? Because we were all told a huge lie about saving for retirement, and gig workers are even more vulnerable to this misinformation. In this book, noted Economist and multiple award-winning author Mark Anthony Grimaldi sets forth his easy to follow 3 step plan on how to create a tax-free retirement as a gig worker. Buckle your seatbelt, because the secrets that the rich have used for decades are now EXPOSED!—and they’re available to you as a gig worker. Save, Growth, Spend and Pass-on all Tax Free! Image a Retirement plan that: • Has no contribution limits • Has no investment choice limitations • Lets you touch your money when you need it most • Knows the tax difference between income and capital gains • Has no age restrictions on your money • Has no distribution minimums • Understands the tax code • Has no 10 percent excise taxes on distributions • Has no 1099Rs • Has no administration expenses • Can be funded from any source • Has no CPA expenses • Has no vesting requirements It’s in your hands, now it up to you to RetireSmart!
Download or read book The Gig Economy written by Diane Mulcahy and published by AMACOM. This book was released on 2016-11-15 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, most Americans are working in the gig economy--mixing together short-term jobs, contract work, and freelance assignments. Learn how to embrace the independent and self-sufficient world of freelance! The Gig Economy is your guide to this uncertain but ultimately rewarding world. Packed with research, exercises, and anecdotes, this eye-opening book supplies strategies--ranging from the professional to the personal--to help you leverage your skills, knowledge, and network to create your own career trajectory. In this book, you will learn how to: Construct a life based on your priorities and vision of success Cultivate connections without networking Create your own security Build flexibility into your financial life Face your fears by reducing risk Corporate jobs are not only unstable--they’re increasingly scarce. It’s time to take charge of your own career and lead the life you want, one immune to the impulsive whims of an employer looking only at today’s bottom line. Start mapping out your place in the gig economy today!
Download or read book The Gig Economy Thriving as a Freelancer in the Modern Workforce written by Shu Chen Hou and published by KOKOSHUNGSAN®. This book was released on with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you ready to break free from the traditional nine-to-five grind and embrace the freedom and flexibility of the gig economy? Look no further! "The Gig Economy: Thriving as a Freelancer in the Modern Workforce" is the ultimate guidebook designed to equip you with the knowledge, skills, and strategies to excel as a freelancer in today's dynamic work landscape. Written by industry experts and packed with actionable insights, this comprehensive book takes you on a transformative journey, empowering you to seize the countless opportunities available in the gig economy. Whether you're just starting your freelance career or looking to elevate your existing one, this book is your roadmap to success. Inside, you'll discover: A deep understanding of the gig economy: Uncover the core concepts and characteristics of the gig economy, and gain the clarity you need to navigate its ever-evolving landscape. Essential skills for thriving as a freelancer: Master the art of self-discipline, effective time management, communication, negotiation, and financial management. These skills will set you apart from the competition and elevate your freelance career. Insights into diverse industries and sectors: Explore the vast array of industries and sectors where gig work thrives, from tech and creative fields to consulting and e-commerce. Discover where your unique talents can shine brightest. Strategies for building a thriving freelance career: Learn how to identify and leverage your skills, define your target market, build a strong personal brand, and market your services effectively. Transform your passion into a profitable freelance business. Overcoming challenges and embracing opportunities: Navigate the uncertainties of inconsistent income, lack of benefits, self-management difficulties, and client relationships. Turn these challenges into stepping stones toward success and growth. Adapting to the future of freelancing: Stay ahead of emerging trends, technological advancements, and changing client demands. Embrace new technologies, diversify your services, and position yourself as a sought-after freelancer in an ever-evolving gig economy. With practical tips, real-life examples, and valuable resources, "The Gig Economy: Thriving as a Freelancer in the Modern Workforce" equips you with the tools you need to excel in the gig economy. Take control of your career, enjoy the freedom of flexible work arrangements, and unlock the limitless potential that freelancing offers. Don't let the future pass you by – embark on your freelance journey today and thrive in the modern workforce! Get your copy of "The Gig Economy: Thriving as a Freelancer in the Modern Workforce" and start building a fulfilling and prosperous freelance career. Your success awaits!
Download or read book Taxation of Workers in the Gig Economy a European Perspective written by G. Murdoch and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Progressive digitalization is leading to a change in the labour market and thus to the emergence of new employment models across Europe and beyond, including the so-called gig economy, sharing economy or crowd work. This article discusses existing risks from an employment, social security and tax law perspective relating to gig workers and online platform providers. It also provides some guidance on how to manage such risks and ensure compliance in all three areas. The article examines how the six largest economies in Europe - the UK, Germany, the Netherlands, Italy, France and Spain - are dealing with this issue. As labour courts have already been ruling on the classification of gig workers for employment law purposes in all six countries, this article presents for each country: (1) the relevant employment cases, followed by (2) the social security and tax position. The analysis concludes with a short comparison of the current status of legal developments in the six countries and a request to policy makers to take action.
Download or read book The Sharing and Gig Economy Effective Taxation of Platform Sellers Forum on Tax Administration written by OECD and published by . This book was released on 2019-05-16 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report looks at approaches to help ensure the effective taxation of those earning income from the sale of goods or services in the sharing and gig economy. It considers the different ways that tax administrations can best engage with platform sellers, sharing and gig economy platforms, and each other to enable more effective tax compliance. The report is divided into four chapters. The first chapter sets out the background to the sharing and gig economy and the role of online platforms. The second chapter provides some examples of current approaches that are being taken by OECD Forum on Tax Administration members that participated in this work. Chapter three sets out a range of options that tax administrations may wish to consider to help enable compliance in this sector. Finally, chapter four sets out three recommendations and considerations for possible further work: joint work between tax administrations and platforms on providing information and support to platform sellers; improving the evidence base to enhance understanding of the tax at risk in relation to platforms; and assisting in the possible development of a legislative model for standardised reporting by sharing and gig economy platforms.
Download or read book Improving the Federal Tax System for Gig Economy Participants written by and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Treatment of Gig Economy Workers written by Cilluffo and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Improving the Federal Tax System for Gig Economy Participants written by Watson and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Tips With Jenn written by Jennifer Lynn Davis and published by Independently Published. This book was released on 2024-07-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welcome to your guide on maximizing tax deductions for self-employed and gig economy workers. Whether you drive for Uber, deliver food with DoorDash, host on Airbnb, create content on YouTube, or sell on Etsy, understanding how to track and claim your expenses is essential for minimizing your tax liability. This book is here to help you navigate the often confusing world of tax deductions and ensure you keep as much of your hard-earned money as possible.
Download or read book The Sharing and Gig Economy Effective Taxation of Platform Sellers written by and published by . This book was released on 2019 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report looks at approaches to help ensure the effective taxation of those earning income from the sale of goods or services in the sharing and gig economy. It considers the different ways that tax administrations can best engage with platform sellers, sharing and gig economy platforms, and each other to enable more effective tax compliance. The report is divided into four chapters. The first chapter sets out the background to the sharing and gig economy and the role of online platforms. The second chapter provides some examples of current approaches that are being taken by OECD Forum on Tax Administration members that participated in this work. Chapter three sets out a range of options that tax administrations may wish to consider to help enable compliance in this sector. Finally, chapter four sets out three recommendations and considerations for possible further work: joint work between tax administrations and platforms on providing information and support to platform sellers; improving the evidence base to enhance understanding of the tax at risk in relation to platforms; and assisting in the possible development of a legislative model for standardised reporting by sharing and gig economy platforms.
Download or read book The Sharing Economy written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2017 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Gig Economy written by and published by Greenhaven Publishing LLC. This book was released on 2020-07-15 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many, the gig economy is part of everyday life. It affects how our food and groceries are delivered, our transportation options, and where we stay when we travel. But while apps like Uber tend to receive the most attention, this shift in the labor market manifests in many different ways. Essentially, it applies to anyone who forgoes traditional full-time employment for temporary or contract-based work. Your readers will experience a wide range of viewpoints that consider how the gig economy has developed, its advantages and disadvantages for both workers and consumers, and whether regulation could help ensure its growth is beneficial to all involved.
Download or read book Hustle and Gig written by Alexandrea J. Ravenelle and published by Univ of California Press. This book was released on 2019-03-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choose your hours, choose your work, be your own boss, control your own income. Welcome to the sharing economy, a nebulous collection of online platforms and apps that promise to transcend capitalism. Supporters argue that the gig economy will reverse economic inequality, enhance worker rights, and bring entrepreneurship to the masses. But does it? In Hustle and Gig, Alexandrea J. Ravenelle shares the personal stories of nearly eighty predominantly millennial workers from Airbnb, Uber, TaskRabbit, and Kitchensurfing. Their stories underline the volatility of working in the gig economy: the autonomy these young workers expected has been usurped by the need to maintain algorithm-approved acceptance and response rates. The sharing economy upends generations of workplace protections such as worker safety; workplace protections around discrimination and sexual harassment; the right to unionize; and the right to redress for injuries. Discerning three types of gig economy workers—Success Stories, who have used the gig economy to create the life they want; Strugglers, who can’t make ends meet; and Strivers, who have stable jobs and use the sharing economy for extra cash—Ravenelle examines the costs, benefits, and societal impact of this new economic movement. Poignant and evocative, Hustle and Gig exposes how the gig economy is the millennial’s version of minimum-wage precarious work.
