Gig Economy Worker or Freelancer: Tax Tips for You
August 2, 2018 by OSYB Staff

What is a gig economy worker? Gig workers are defined as those that work for a short or undetermined amount of time and this is the new normal for a jobs workforce, as discovered by a survey commissioned by BMO Wealth Management.
So if you are a freelancer or a gig worker, Don’t Mess with Taxes shares 5 tax tips with you:
- Know your earnings form
- Report gig income and deduct expenses
- Pay your self-employment taxes – earning more than $600 requires payment of self-employment taxes
- Pay your estimated taxes – make quarterly payments
- Take care of yourself – healthcare and retirement planning
For detailed information: 5 tax tips for freelancers, gig economy workers
Image Credit: Deposit Photos
Category: Small Business