Are you a recent Uber, Lyft, Instacart, or Postmates Independent Contractor? Maybe you recently set out to be your own boss as an independent photographer, wedding planner, designer, musician, handyman, or real estate agent? Well, whether you think of yourself as an Independent Contractor, Self Employed, or Solopreneuer, filing taxes is something you’re going to have to deal with.
We want Everlance to save you time and money. A major piece of this is digitizing a process that used to happen on paper (shoebox of receipts, paper mileage log, taxes, etc.), but we are now increasingly looking to see where we can help next and see streamlining the tax process as one of the biggest areas.
We’re excited to announce that we’ve partnered with H&R Block, the leader in assisted tax filing with over 20M tax returns filed in 2016. We’ve built a deep integration that will enable you to easily transfer all of your data from Everlance into the H&R Block app, Tax Edge, with the click of a button.
A new season brings with it new properties to buy and sell as well as taking control of your work finances. Although the current market has recently retreated from its recent hot streak there is still some optimism in the air. With mortgage rates remaining at historic lows, the economy getting a boost and unemployment declining last year, there are a number of reasons to believe that home buying will begin to heat up again.
The IRS has released the 2017 irs standard mileage rate and it is down again from the 2016 standard mileage rate. Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
2017 IRS Standard Mileage Rate
53.5 cents per mile for business miles driven, down from 54 cents for 2016
17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016
14 cents per mile driven in service of charitable organizations
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: