Implementing an instant payments solution on your gig platform may sound like a big and expensive undertaking, but it does not have to be. Actually, there are serious financial advantages to doing so. Here are the top three reasons to start offering instant payments to your gig workforce.
Gig workers and independent contractors typically value their jobs and gigs for the flexibility. But with working on-the-go comes banking on the-go. That’s why digital and mobile banking work hand-in-hand with the Gig Economy.
As gig opportunities grow, so do the places that they’re found. Finding gig work is mainly done over the internet, but not all gig platforms are built the same. We broke down the 3 essential things that gig workers are looking for on a platform.
As we’ve discussed before, instant payments are critical to retaining a gig workforce. When 85% of gig workers say they would work more often if they were paid faster, offering instant payments seems like the logical answer.1 But how do you attract gig workers with instant payments? How do you use an instant payment offering to stand out among the competition?
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.
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.