Third-party payment apps to report payments of $600 or more to the IRS Third-party payment apps (also known as peer-to-peer payment processing apps) like Venmo, Cash App, Zelle, and PayPal have skyrocketed in popularity and usage for small businesses and individuals alike. They’re a convenient and simplified way to split the bill, pay rent, get […]
Monday, January 23, the tax season is expected to officially begin. As you prepare to file your taxes, keep an eye out for two letters from the IRS: Letter 6419 and Letter 6475. What are the letters 6475 and 6419? These letters are not a cause for concern. However, they are important for your tax […]
As of Monday, January 24, the tax season officially began. As you prepare to file your taxes, keep an eye out for two letters from the IRS: Letter 6419 and Letter 6475. These letters are not cause for concern but they are important for your tax filing, so make sure you hold on to them. […]
Not everyone can make a living with TikTok, but anyone can try. There’s never been a better time for young, media-savvy influencers to try to build a following and a career on social media platforms like TikTok and Instagram. Some influencers set out from the beginning hoping to make it big, while others start out […]
Truck drivers are some of the most resilient workers in the country. Long-haul trips, maintaining compliance with the FMCSA, and dealing with poor weather conditions and other drivers are all things truck drivers must deal with regularly. To top it off, truck drivers who are also owner-operators have additional tax requirements to consider. Here is […]
The hottest new trend in digital finance is the non-fungible token, or NFT. Countless people are buying their way into it, and in some cases making a significant amount of money! The NFT itself is not an entirely new concept, but the market developing around them is a brand new phenomenon. The NFT market depends […]
This is the age of the side hustle. Not only do a growing number of full-time workers have a side hustle, but there are many others who have been able to completely replace their full-time income with side hustles. Side hustles offer a ton of benefits for workers. On top of bringing in additional income, […]
The influencer industry was valued at a whopping 21.1 billion dollars in 2023, and it will only continue to grow as more brands turn to influencer marketing. Influencers, even ones with smaller followings, can make a ton of cash via YouTube, Instagram, TikTok, or blogging. It’s clear that, regardless of the medium, influencer accounting is […]
A new year has begun, and small businesses are ready to boost their sales after enduring a period of instability stemming from the pandemic. Now is the time to set smart goals that will help grow your small business. If you started your business last year or you’re starting one this year, growth is most […]
The COVID-19 pandemic hit the United States in the middle of the 2020 tax season. Uncertainty, social distancing, and state-mandated lockdowns greatly impacted our economy. More businesses have opened back up, and some areas have returned to at least some sense of normal pre-pandemic operations. So what does that mean for calculating your taxes? Early […]
