New gig economy tax center webpage November 2018 Tax News
We launched the California gig economy tax center webpage which provides business owners, individuals, and tax professionals with valuable information about potential tax issues for those generating income in the booming gig (sharing or peer-to-peer) economy. With its untraditional business model, diverse services, and varying employment options, a majority of those participating in gig business are unsure of their tax and return filing obligations. The webpage explains what the gig economy is and features an informative video that gives an overview of what it means to be a part of the economy and its potential tax implications. The webpage also includes helpful information on California tax, filing, and estimated tax requirements.