1-800Accountant Blog

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How to Maximize Year-End Charitable Giving in 2021

The end of the year is rapidly approaching. And while you might be eager to kiss 2021 goodbye, you might not like how fast it’s coming to a close. There are a lot of critical year-end tasks (like maximizing charitable giving!) and considerations for people and businesses. The end of the year is a busy […]

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2021 End-of-Year Income Tax Checklist

Now is the time to get started on your end-of-year tax checklist. Check out our recommendations to get on top of the 2021 tax season. 1. Maximize Retirement Contributions The first item on your end-of-year tax checklist is to maximize retirement contributions. You can maximize your retirement contributions whether you have a Roth IRA or […]

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Top Tax Deductions for Food Delivery Drivers

On-demand food delivery services, already on a steady rise, have exploded in demand over the past couple of years. Uber Eats, DoorDash, GrubHub, Postmates—the list goes on! Food delivery drivers, especially those in major metro areas, typically don’t have to worry about a shortage of work. However, something they do need to keep in mind […]

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6 Things Freelancers Should Do Before the End of 2021

The end of the year is a crucial time for organizing your finances and assessing the state of your work. Despite the holiday rush, December is the perfect time for reflection on the past year and planning for the year to come. On top of the regular planning, reviewing, and other things freelancers should do, there […]

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Taxes on Unemployment Benefits: What You Need to Know

Unemployment benefits have been a lifeline to many taxpayers—especially when it came to the COVID-19 pandemic. If you received or currently receive unemployment, you may wonder if you’ll need to pay taxes on the benefits this upcoming tax season.  There are two things to consider: 1) Federal government taxes and 2) How states charge taxes […]

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Why NCAA Student-Athletes Need 1-800Accountant

We’ve entered a new era of college athletics. After stunning shifts in NCAA policy in the middle of 2021, the door has been opened for countless college student-athletes to make money with sponsorships and advertising based on their name, image, and likeness.  This is a dramatic change for schools, advertisers, and, most of all, student-athletes. […]

earned-income-credit

What Is the Earned Income Credit?

Taxes are stressful. The stakes are high, and the rules themselves are so complex that it’s nearly impossible for the average individual taxpayer or business owner to protect themselves on their own.  The average individual taxpayer or business owner might not have the resources to learn and take advantage of the system. However, there are […]

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What Do Rideshare Drivers Pay in Taxes?

Rideshare driving is one of the most popular industries today. It’s a convenient way for many people to make a living, all while dictating their own schedules. Rideshare drivers are self-employed individuals, like other workers in the gig economy, and therefore must pay their own taxes.  While rideshare services like Lyft and Uber provide tax […]