Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-recovery-mode-email-service.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-recovery-mode-email-service.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-meta-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-meta-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/l10n/class-wp-translation-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/l10n/class-wp-translation-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/default-filters.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/default-filters.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-duotone.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-duotone.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-user-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-user-query.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/script-loader.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/script-loader.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/media.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/media.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-http.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-http.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-application-passwords.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/class-wp-application-passwords.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-global-styles-revisions-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-global-styles-revisions-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-autosaves-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-autosaves-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-menu-items-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-menu-items-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-font-families-controller.php on line 1

Warning: Uninitialized string offset 0 in /srv/users/amstribuneusr12/apps/berlinverdict-aws/public/wp-includes/rest-api/endpoints/class-wp-rest-font-families-controller.php on line 1
FlyFin Makes Available Free Tax Guide Dedicated to Help Gig Drivers | Berlin Verdict

FlyFin Makes Available Free Tax Guide Dedicated to Help Gig Drivers

San Jose, CA, United States, 19th Oct 2022 FlyFin, a human plus A.I.-powered tax prep and tax filing service, announced a free tax guide dedicated to helping gig drivers prepare their taxes. The new tax guide is for self-employed people leveraging their cars to make money as independent contractors. Ideally suited for delivery drivers to learn about  Doordash taxesPostmates taxesInstacart taxes and Grubhub taxes, FlyFin’s new tax guide is also helpful for rideshare drivers, to learn about Uber taxes and Lyft taxes.

Gig workers are uniquely positioned to take advantage of the gig economy for full-time or part-time work, or as a side hustle. Approximately 16% of Americans –– nearly 53 million people –– earned money on gig platforms in 2021. Gig workers, however, should be on their toes with the new tax reporting standards. The stimulus bill signed by President Joe Biden last March amends the tax code and places even more responsibility for reporting accurate wages onto gig workers. Effective January 2022, the new tax reporting standards lower the tax reporting threshold on income from these gig platforms from $20,000 to $600. 

Gig drivers who make $600 or more annually will now need to report their taxes on all Instacart 1099, Doordash 1099, Postmates 1099, Grubhub 1099, Uber 1099 and Lyft 1099 forms. However, now that the IRS has lowered the reporting threshold, the new tax reporting means that gig drivers need to track their income and report it accurately. As independent contractors, gig drivers are still responsible for paying the taxes on their earnings. Further, self-employed individuals, who expect to owe $1,000 or more in annual taxes, must also make quarterly estimated tax payments. 

FlyFin’s Ultimate Tax Guide for Gig Drivers is beneficial as gig drivers can sometimes miss out on all the deductions they might not have been aware they are eligible to take. Missing any tax credits or deductions means paying more money in taxes. FlyFin’s free tax guide includes:

  • Clearly understand how drivers can calculate their taxes
  • A comprehensive list of the expenses drivers can deduct from their taxes
  • An easy-to-understand run-down on how deductions work for drivers
  • ​​Tools to automate taxes

FlyFin’s new guide is part of a larger initiative the company is undertaking to build a comprehensive resource center for tax preparation dedicated to the needs of self-employed people, freelancers and independent contractors such as delivery drivers. The following is one of several resources the company introduced this year that benefit delivery drivers and other self-employed people.

  • FlyFin’s 1099 Tax Calculator tool helps self-employed individuals quickly compute quarterly or annual income taxes, so they know what amount their next tax payment needs to be. 

About FlyFin
FlyFin is an A.I.-powered platform that provides self-employed, sub-contractors, independent contractors, gig workers, freelancers and creator economy workers with a convenient, easy-to-use and affordable tax filing solution. FlyFin helps individuals maximize self-employment tax deductions and income tax refunds. With a “Man + Machine” approach, FlyFin leverages A.I. paired with highly experienced tax CPAs to deliver automation that eliminates 95% of the work required for 1099 self-employed individuals to prepare their taxes. FlyFin is a privately-held, venture-backed company based in San Jose, California.

Media Contact

Organization: FlyFin

Contact Person: Carmen Hughes

Email: carmen@ignitepr.com

Phone: +1.650-576.6444

Website: https://flyfin.tax/

City: San Jose

State: CA

Country: United States

The post FlyFin Makes Available Free Tax Guide Dedicated to Help Gig Drivers appeared first on King Newswire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@binarynewsnetwork.com

News

DITP proudly presents the Export Clinic alongside an array of special activities and dedicated zones at THAIFEX – ANUGA ASIA 2024

The premier destination for catalysing global business opportunities Bangkok, Thailand, 23rd MAY 2024, ZEX PR WIRE, THAIFEX – ANUGA ASIA 2024, a joint collaboration between the...

Your 1 Plumber: Comprehensive Water Plumbing Solutions for Germantown Residents

The company offers a range of affordable yet comprehensive plumbing solutions to residents of Maryland, including Germantown Maryland, USA, 13th August 2024, ZEX PR WIRE, Your...

Brave® CF and Bitdelta Join Forces to Enhance Global Growth of Mixed Martial Arts

Bucharest, Romania, 8th April 2024, ZEX PR WIRE, BRAVE® Combat Federation (BRAVE® CF), the most global Mixed Martial Arts promotion in the world, signed...

Turkey Visa From USA, Iraq, Emirate, Australia Citizens

TURKEY BUSINESS VISA Los Angeles, California, 12th February 2024, Turkey has long been a business and trade hub, located strategically along the historic Silk Road...

Pool Guard USA Offers Superior Pool Fencing and Pool Safety Products, Backed by Excellent Customer Service!

With a focus on quality and exceptional customer service, Pool Guard USA offers reliable superior pool safety products to ensure a safe and secure...

Vates Nearshore, the Leading Argentinean IT Company, Is Effectively Catering to The Digital Needs of Large and Small-Scale Businesses with Its Wide Range of...

Vates Nearshore offers customized software development, IT staff augmentation, and software testing services to companies everywhere. Buenos Aires, Argentina, 5th July 2022, ZEXPRWIRE, According to...

International Quality Certification Helps Businesses Achieve Prestigious ISO 9001:2015 Certification

Ohio, United States, 27th July 2023, ZEX PR WIRE, International Quality Certification (IQC), a leading provider of certification services, is proud to announce its comprehensive...

DIO-WEB3 on-chain COFFERS

Israel — The world’s first economic model of spiral growth on the chain. Composed of leading roles from technology pioneers such as Google, Microsoft,...

Hovair Systems Redefines Heavy Load Movement with State-of-the-Art Air Caster Systems

Washington, United States, 21st June 2024, ZEX PR WIRE, Hovair Systems, a leading innovator in material handling equipment, today announced a significant leap forward in...