Gig Economy – The Burns Firm – Advisors of Complex Financial Matters

Being a Gig Worker Comes With Tax Consequences

June 27th, 2023|Categories: Accountant, Accounting, Burns Firm, Business Write-offs, Contractor, CPA, CPA Dallas, CPA near me, Dallas CPA, Gig Economy, Independent Contractor, Self-employed, Tax, Tax Advisor, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: CPA Dallas, cpa near me, gig worker, Gigs, Independent contractor, Independent Contractor and Tax, Record-Keeping as a Gig Worker, Record-Keeping as a Independent Contractor, Sharing Economy, tax, tax advisor, Tax for Gig Work, Tax on Gig Work, tax preparation, The Burns Firm|

In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive [...]

Taxation Issues in the Gig Economy

May 16th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Vehicle, Business Write-offs, Contractor, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Gig Economy, Self-employed, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, Tax Return Filing, tax write-offs, The Burns Firm|Tags: Business miles, business write-offs, Employee vs Independent Contractor, Gig Economy and Tax, Gig Work and Tax, tax, tax advisor, Taxation and the Gig Economy, The Burns Firm|

Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may [...]

Have employees who receive tips? Here are the tax implications

February 9th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Gig Economy, Services, Tax, tax accountant, Tax Advisor, The Burns Firm, Tips|Tags: Daily Tip Records, Reporting Tips to Employer, tax, Taxation of Tips, The Burns Firm, Tip Records, Tip Tax Credit, Tips, What is considered to be a tip?|

Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip definition Tips are optional payments that customers [...]

What You Need to Know About Taxes and Gig Work

August 23rd, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Gig Economy, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning|Tags: CPA Dallas, cpa near me, Dallas CPA, do I pay tax on gig work, is gig work taxable, tax, tax accountant Dallas, tax accountant near me, The Burns Firm, what is a gig economy, what is gig work|

The COVID-19 pandemic has seen an expansion of the so-called "gig economy," also known as the sharing or access economy. According to the Pew Research Center, 16% of U.S. workers [...]