Uber 1099

Uber 1099 Form | Taxes For Uber Drivers (1099-K & 1099-MISC)

uber driverIt’s that time of year again people! Uber 1099 time! That’s right, all of you Uber drivers will be getting 1 of 2 forms in the mail, depending on the revenue you generated.

Some Uber drivers will be getting the 1099-MISC if they generated under $20,000 in income for the previous year. Those who generated over $20,000 in income + at least 200 trips will be getting the 1099-K.

Let’s talk more about these 1099 forms and how Uber taxes work, but before we do we need to make it clear that this post is not to be construed as tax advice. There is no substitute for speaking with a certified tax specialist and you should always consult a pro if you have specific tax questions.

Uber Tax Classification: Employee or Independent Contractor?

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NETFILE: How To NETFILE

NETFILE Canada | Filing Your CRA Taxes Online

The Canada Revenue Agency processes more than 25 million tax returns each year and nearly two-thirds of these returns are filed electronically. 

The CRA has gradually been pushing for electronic returns vs. paper returns for the last few years, as the advantages, including ease-of-reporting & quicker refunds offer a more streamlined experience for both parties.

This is where NETFILE comes in. We’ll explain what NETFILE is and why you would use it to file your CRA taxes online.

What Is NETFILE?

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2018 Automobile Allowance Rates (1)

CRA Standard Rate 2018 | Automobile Allowance Rates Canada

Canada Revenue Agency (CRA)The CRA Standard Rate, or more commonly known as the “Automobile Allowance“,  is Canada’s version of the IRS Standard Mileage Rate which allows for Canadians to deduct business mileage on a cost per kilometre basis.

In this article you will find all of the necessary information you need regarding the automobile allowance rates for all provinces & territories in Canada, from the years 2012 to 2018. Which is helpful if you have to take care of previous tax years!

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Small Business Tax Changes

2018 Small Business Tax Changes

Tax Cuts & Jobs ActBy now most of you that are small business owners have heard about some of the tax changes in the Tax Cuts & Jobs Act that was passed in late 2017 and became effective as of Jan 1st, 2018. You might have even read our previous article for self-employed tax changes.

What you may or may not know are the details of this new tax plan, or more specifically, what these tax changes could possibly mean for you and your small business in 2018. We plan to clear that up in this post for the majority of you.

Before we dive into the plan, we want you to be aware that this article is not intended as legal or financial advice and you should always seek help from a tax professional with any specific tax questions you may have.

What Is The Tax Cuts & Jobs Act?

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Self-Employed Tax Changes

2018 Self-Employed Tax Changes

There are a few big tax changes in 2018 for self-employed individual and small businesses with the passage of the Tax Cuts & Jobs Act , and here at Everlance we wanted to make sure we addressed them so you can be ready when it comes time to do taxes this year.

After all, self-employed individuals and micro-businesses (10 or fewer employees) make up 76% of all small businesses and the bulk of Everlance customers!

Self-Employed Tax Change Highlights

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