With S-Corp you can set aside money for retirement plans, medical, and further limit your taxes by putting yourself on payroll.
But is it really worth it for the amount of money you make in rideshare?
If you live off $20k yearly, but making $40k yearly then it sounds like a good idea to...
Victoria seems hellbent on imposing an unfair tax on electric car drivers (including myself). I’m glad to see Uber step up to the plate to challenge the...
Edit: Just realized an earlier thread has already been created on this topic. I am moving this post there. - I am trying to be pro-active and attempting to file early as advised by security specialists in response to having a fraudulent Unemployment Insurance claim made in my name. While I...
We're building an app for car owners and maybe Uber/Lyft drivers might want something like this:
- vehicle condition history tracking
- fuel fill-ups tracking + MPG comparison to all similar cars
- total cost of ownership so you know how much you make $ per mile.
- value of your car
We are design students from IIT working on a course project to design an application to help ride-share and delivery drivers better track their deductible expenses. That being said, we would love to invite you to an easy, remote, about-30-minute user test.
As we are currently...
"Are gig workers, freelancers and independent contractors covered?
Yes, self-employed people are newly eligible for unemployment benefits.
Benefit amounts will be calculated based on previous income, using a formula from the Disaster Unemployment Assistance program, according to a...
State Transportation Commission to recommend changing Washington to a 'Pay Per Mile' state
OLYMPIA, Wash. - State transportation leaders voted Tuesday to recommend the state's hotly debated pay-per-mile tax, which could replace the gas tax and charge drivers based on their mileage.
Mayor Durkan proposes 51-cent tax on Uber, Lyft rides in Seattle to fund streetcar, affordable housing
A Lyft passenger is picked up on Sixth Avenue in Seattle on Wednesday. Mayor Jenny Durkan is considering a tax on rideshare trips that would in part help pay for the streetcar. (Greg Gilbert...
Need advice for following TIA:
1) I am a full time person paying over 20k tax. Thinking to start a second job as an uber part time Fri SAT and Sun.
Will I be able to claim tax from first job for things like depreciation, petrol, car expenses etc
2) I have got a 2016 car 36000 KMs on...
Have you opened a business transaction account for UBER so that the earnings and spending for your business can be tracked easily? This would come handy at TAX times ans also in GST.
Could you recommend me a good bank as well?