As you may have already heard the city of San Francisco has now required Uber and Lyft drivers to obtain a business license to operate in the city. This is a brand new development and many cities may follow their lead. The deadline to apply for the business license is 30 days after the letter has been sent to your residence so be on the lookout for a letter from the city. The estimated cost is $91 for drivers making less than $100K a year. To make life easier on our fellow rideshare drivers so we’ve laid out all the necessary steps for you to obtain a business license:
Did you know that you may be eligible to file for a tax extension if you are not able to file by the tax deadline? Many people do this every year and it can be a good way to relieve some of the stress of tax season if you know that you need that extra time to dot your “i’s” and cross your “t’s”. The extension is usually for 6 months after the April 15th deadline.
Budgeting for tax season can be the difference of an incredibly stressful tax season vs using your refund to take some time off and travel. Unfortunately, most of us tend to experience the stressful version of tax season. Budgeting is one of the most effective ways to relieve that stress. Have a game plan for the year and really stick to it. Here are 4 practical steps to take and budget for taxes:
Whoa, in checking our metrics we saw that we recently passed 1,000,000 miles logged per day for our users. That’s like going to the moon circling it and coming back to earth more than twice a day. Although a silly statistic it’s exciting to think that the product didn’t even exist a year ago and the team is excited for what’s next. We have a lot of new features planned over the course of the next 12 months and can’t wait to share them with you.
As Ben Franklin said “Beware of little expenses. A small leak will sink a great ship.” This is not to say your freelance business is going to sink by any means but just a friendly reminder that it is important to track your spending especially right now as many of us are trying to think of all the business expenses we can file for our taxes.