Gig Economy Tax Center

On January 21, 2020, the IRS has sent a notification via the E-News for Payroll Professionals a link to the new Gig Economy Tax Center at https://www.irs.gov/businesses/gig-economy-tax-center.

What is the Gig Economy? This is activity where people earn income providing on-demand work, services or goods. Often it is through a digital platform like an app or a website.

Gig Economy income is Taxable Generally gross income includes wages and salaries, interest, dividends, stock sales, self-employment income, income from business entities, prizes, rents, real estate sales, bartering, babysitting and most other forms of income. Basically any money you receive from any source is almost always part of gross income.

What is Gig work?

Gig work is a certain activity you do to earn income, often through an app or website.

If you have questions about the Gig Economy and how it could affect your taxes, contact me at 757-651-5935


Certified Public Accountants in Williamsburg, VA: Your Trusted Partners for Business Taxes and Financial Success

Expert Certified Accountants in Williamsburg, VA for All Your Business Tax Needs

Are you a business owner, looking for reliable and experienced certified public accountants in Williamsburg VA, to handle your tax and financial matters? Look no further! At Shelton Accounting, we are your dedicated team of certified public accountants (CPAs) specializing in serving businesses of all sizes in the Williamsburg area. With our in-depth knowledge of tax regulations and a commitment to personalized service, we strive to be your trusted partner in achieving financial success.

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Gig Economy Tax Center

The gig economy has grown significantly over the years, with an increasing number of individuals participating in freelance work and independent contracts. If you find yourself as part of the gig economy in Williamsburg, VA, Shelton Accounting’s Gig Economy Tax Center is your go-to resource. Our comprehensive services help gig workers understand their tax obligations, track deductible expenses, and plan for their financial future.

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Navigating the ever-changing tax laws can be daunting for business owners. Our certified accountants stay up-to-date with the latest tax regulations, ensuring that your business remains compliant throughout the year. With our expertise, you can focus on growing your business while we handle the intricate tax details.

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