Mobile workers have become an important and growing part of the modern workforce. Cloud computing and ubiquitous high-speed internet have enabled many industries to support remote workers. Businesses offering either fully remote or hybrid work flexibility have...
IRS
Here are some things gig economy workers should know about their tax responsibilities
Many people take up gig work on a part-time or full-time basis, often through a digital platform like an app or website. Gig work, such driving a car for booked rides, selling goods online, renting out property, or providing other on-demand work, is taxable and must...
What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS
When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. However, by law, business taxpayers who pay nonemployee compensation of $600 or more...