VIRTUAL TAX AND ACCOUNTING (BETTENDORF)

COMPASSION TAX & ACCOUNTING SERVICES VIRTUAL SERVICES PROVIDED: • BOOKKEEPING • INDIVIDUAL/SMALL BUSINESS TAXES • FINANCIAL STATEMENTS • SAFE & SECURE CLIENT DOCUMENT EXCHANGE You must file a tax return if you have net earnings from self-employment of $400 or more from gig work, even if it's a side job, part-time or temporary.
You must pay tax on income you earn from gig work.
If you do gig work as an employee, your employer should withhold tax from your paycheck.
If you do gig work as an independent contractor, you may have to pay estimated taxes.
Unsure if you are an employee or independent contractor? Ask your employer or check your worker status here https://www.
irs.
gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee What is Gig Work? Gig work is certain activity you do to earn income, often through an app or website (digital platform), like: • Drive a car for booked rides or deliveries • Rent out property or part of it • Run errands or complete tasks • Sell goods online • Rent equipment • Provide creative or professional services • Provide other temporary, on-demand or freelance work Note: This list does not include all types of gig work.
What to Do: Happy to answer any questions please contact me anytime EMAIL : compassiontaxx@gmail.
com