Use this blog to understand what this new threshold means for your business and how you can avoid mistakes once the rules take effect. Beginning in 2026, the IRS reporting threshold for Form 1099-MISC…

CPA vs. Tax Preparer: Which Is Best for Your Business?

Many freelancers don’t realize that every dollar earned on Upwork must be reported to the IRS. Whether you receive a tax form from Upwork or not, you’re still responsible for reporting your income acc…

IRS Issues 2025 Guidance on Tip and Overtime Deductions

Freelancing on Fiverr offers freedom and flexibility, but it also comes with financial responsibilities that W-2 employees don't have to deal with. When tax season arrives, many Fiverr sellers wonder …

How to File Taxes as an Independent Contractor in 2026

In this guide, we’ll break down what a tax liability is, how to calculate it, the different types that may apply to you, and how small business owners can plan and manage these obligations efficiently…

End-of-Year Income Tax Checklist for the 2025 Tax Year

What Happens If You File Taxes Late + Tips to Reduce Penalties