Wbt - World Of Business And Taxes

like my work? Please support me by going to http://www.buymeacoffee.com/MichaelLodge and support me Thank you!If you are working for Uber, Lift, and other gig companies, you receive a 1099-Misc and you a business. Which means you will file a Schedule C with your tax returns and list your income and the expenses that go against them. Now some of these companies they are paying a portion of your insurance plan, some deduct it from your payments, so it becomes an expense. Then you have to cover part of your insurance through your personal insurance. You need to make sure you understand who and how the insurance is being covered while you are conducting your gig business. And you need to understand the state requirements that you are living in, there may be specific rules. Your operating a small business and you need to think of it as such. Yes your getting paid but your responsibility does not end there. You are running a business.If you have any questions or comments, send me a text at 818.252.5682 w