How to make a streets ahead tax strategy
Having a good strategy is important. It is helpful in every area of life. Using a strategy as one of the tools to complete deliveries is a courier bonus. With this in mind, there is another area that benefits from strategy. The dreaded taxes.
They are all around us in everyday life. Taxes are a part of life. In fact, “in this world, nothing is certain except death and taxes“. The preceding link is to an article about Benjamin Franklin. He authored the quote.
With this in mind, couriers filing taxes on delivery income, for the first time, may get caught off guard. Especially if the courier normally files as an employee. Or files with a w-2. Filing taxes on income gained through an app, or a side hustle, is different from w-2 filing. However, it doesn’t have to be a bad thing. Or scary.
This article is not offering tax advice. Furthermore, there are resources available for the courier to complete tax forms. Not only are they helpful, but also they are able to answer questions. Having a strategy for taxes, isn’t having them done. Or paid.
Tax Strategy
Filing taxes as a solo courier has more details. If the courier made money using an app, it is possible the courier earned self-employed income. The filing process, and forms, are different for the self employed.
Furthermore, the courier may have income from other sources. There may be expenses.There may be receipts.The particulars are not as important as the, getting through it, part. There are tax prep places and professionals to help.
One common strategy, is setting money aside for taxes.Throughout the year. While this is an excellent strategy, it’s not always possible. Sometimes the courier needs every last dollar. At that moment. However some planning ahead, when it is possible, is an excellent strategy.
Finally, getting help is a great idea. The Turbo tax system is great for the do it yourself courier. Not only does it offer step by step help, but also live assistance from a tax professional. There are also name brand tax help professionals. There is a wide variety.
Tax season doesn’t have to break the bank. It can even be out of the way quickly when the courier knows how to make a streets ahead tax strategy. After all, every little bit helps. Stay safe out there.
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