Clients who are self-employed or work in what is referred to as the “sharing economy” – owners of businesses who rent out their home to others or drive ride-share services – have somewhat unique tax preparation and planning needs.
Whether you have current clients who fit these categories, or want to prospect for new ones, the IRS offers some helpful resources you can pass along to help them plan for tax year 2016 and throughout 2017.
Give them this link and offer to help them understand the ins and out of the tax law. In addition, check out QuickBooks® Self-Employed designed exclusively for independent contractors and freelancers who file Schedule C returns and have no staff. In addition, check out the article “Tax Implications for Airbnb Hosts.”