1099

Working in the gig economy results in tax obligations

Working in the Gig Economy Results in Tax Obligations

Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during the pandemic have caused even more people to turn to gig work to make up lost income. There are tax consequences for the people who perform…

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teen summer job taxes

Your Teen, a Summer Job, & Taxes: What You Need to Know

When your teen joins the workforce, it can be a rewarding experience for both you and your teen. They gain some financial independence and learn some life lessons, and you as a parent have the opportunity to guide them through those lessons.  However there are some potential daunting tax issues that both the parents and…

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