Gig Worker Accountant

There are a lot of people working in the gig economy these days. You may think that your finances are straightforward and there is nothing to gain from hiring an accountant. But what if you’re wrong?

Here are 8 stories about self-employed gig workers who wish they got an accountant sooner.

1. Joel is a dog walker in Chicago. He has been doing it for a year and a half and loves it. He started out as a side hustle, but it’s become his main source of income. Joel knows he should be tracking his expenses, but he just doesn’t have the time. Earlier this year, he hired an accountant to help him with his books. It turns out that he was losing money each month because of all the tax deductions he wasn’t claiming. Thanks to his accountant, Joel is now making a profit from his business! Some of the deductions his account helped him discover included mileage reimbursement, pet insurance, and equipment depreciation.
2. Sean is a personal chef in Atlanta. He has been working as a personal chef for about 5 years, and the part-time gig has become a full-time business. When it came time to hire an accountant, Sean was a little hesitant. He wasn’t sure if an accountant could help him save money on his taxes. But boy was he wrong! His accountant helped him set up a bookkeeping system and find tax deductions that he had never even heard of before. Thanks to his accountant, Sean is now able to keep more of his hard-earned money.
3. Karen is a freelance writer in Los Angeles. Her passion is writing but she wasn’t always successful in turning a profit. That is until she hired an accountant to help her with her books. It turns out that she was losing a lot of money because she wasn’t taking all of the tax deductions she was entitled to. Thanks to her accountant, Karen is now making a profit from her writing business! Some of the deductions her accountant helped her discover included home office deduction, internet, and phone expenses, and advertising expenses.
4. Ben is an uber driver in Miami. He was a cab driver but the lifestyle of a gig worker appealed to him more. He liked to work odd hours and take time off for himself, something his previous employer was never fond of. Ben started out with Uber as a side hustle, but it has since become his main source of income. Ben knows he should be tracking his expenses, but he just doesn’t have the time and didn’t know what can be expensed since his work vehicle was also his personal car. Earlier this year, he hired an accountant to help him with his books. It turns out that he was losing money each month because of all the tax deductions he wasn’t claiming. Thanks to his small business accountant, Ben is now making a profit from his business! Some of the deductions his account helped him discover included mileage reimbursement, car depreciation, parking fees, and tolls.
5. Ryan started out as an Airbnb host in San Francisco as a way to make some extra money. He loved meeting new people and loved his city even more. But being an Airbnb host can be a lot of work, and Ryan found himself spending more time on bookkeeping and cleaning than he was enjoying his guests. Earlier this year, he hired an accountant to help him with his books. It turns out that he was losing money each month because of all the tax deductions he wasn’t claiming. Thanks to his accountant, Ryan is now making a profit from his business! Some of the deductions his account helped him discover included depreciation on his rental property, home office deduction, and internet and phone expenses.
6. Jennie is a fitness instructor in Chicago. She has been teaching classes for about 5 years, and the part-time gig has become a full-time business. Jennie knows she should be tracking her expenses, but she just doesn’t have the time. Earlier this year, she hired an accountant to help her with her books. It turns out that she was losing money each month because of all the tax deductions she wasn’t claiming. Thanks to her accountant, Jennie is now making a profit from her business! Some of the deductions her accountant helped her discover included mileage reimbursement, equipment depreciation, and advertising expenses.
7. Melissa sells handmade jewelry on Etsy as a side hustle. She started out as a hobbyist, but quickly realized she could make a profit from her hobby. Melissa knows she should be tracking her expenses, but she just doesn’t have the time. Earlier this year, she hired an accountant to help her with her books. It turns out that she was losing money each month because of all the tax deductions she wasn’t claiming. Thanks to her accountant, Melissa is now making a profit from her business! Some of the deductions her accountant helped her discover included materials and supplies, mileage reimbursement, and car depreciation.
8. Tom is a web developer in Austin. He works on contract for different companies and loves the flexibility it gives him. But he also knows that having multiple contracts can make his taxes a little confusing. Earlier this year, he hired an accountant to help him with his books. It turns out that he was losing money each month because of all the tax deductions he wasn’t claiming. Thanks to his accountant, Tom is now making a profit from his business! Some of the deductions his account helped him discover included home office deduction and internet and phone expenses.

In conclusion, whether you’re a full-time gig worker or just have a side hustle, it’s important to work with an accountant to make sure you’re taking advantage of all the tax deductions available to you. They can help you save money and make more profit from your business by helping you keep track of your expenses!