Many people find that working for themselves provides the flexibility and extra income that they don't get from a traditional job. But being self-employed makes you subject to certain tax rules and requirements, and that can get complicated if you’re not planning ahead.
The gig economy is on the rise, more and more people are working as 1099 independent contractors, freelancers, or gig workers. But are workers and employers familiar with what it means to have this type of employment?
Gig workers thrive on flexibility: for their job choices, for their schedules, and especially for their paychecks. In fact, 85% of gig workers say they would work more often if they were paid faster. And employers are paying attention.
It’s no secret that paying taxes can be pretty stressful, and requires a little extra work to stay on top of your tax bill. How can quarterly tax payments help?
Are you prepared for the end of the year and putting together your taxes? Let’s run through a tax preparation checklist for gig workers and independent contractors.
If you’re new to being self-employed or working in the gig economy, you might be asking a lot of questions about estimated quarterly taxes. It can feel overwhelming.
Here at indi® our sights are set on what the new year means for gig workers. We’ve put together our top 3 predictions for the gig economy in 2022.
Gig work offers the promise of flexibility and independence to the 93 million gig workers in the United States, but it often fails to provide these workers with traditional benefits of W-2 jobs like benefits, paid vacation time, retirement plans, and a steady paycheck with tax withholding.
The freedom to choose what you do and when you do it. The opportunity to control your workload. The independence of being, well, independent. While being your own boss may come with a lot of perks, tracking your finances isn’t one of them.