A New Financial Resource for Entrepreneurs and Freelancers in the Sharing Economy
With the trend of self-employment and freelancing on a sharp rise (now one in three employees in the U.S.), there are a lot of questions popping up about how to make money in this new business marketplace.
A new economic model calls for new resources to help. Enter 1099.is. It's a newly launched website that offers questions and answers about taxes and other financial issues related to the "new work": crowdfunding projects, online marketplaces (like this one I wrote about recently), working for yourself, and sharing resources, like renting out your house, or using ride-sharing programs (which are becoming more common for businesses).
The 1099.is website explains:
In the process of meeting with dozens of participants in the Sharing Economy—from crowdfunding platforms, car & ride-sharing startups, freelance writers, designers, and coders—we heard the same complaint: taxes are a constant source of uncertainty and pain for all parties involved.
There's a lot of information on the site—I for one will definitely use it as a resource. The answers are crowdsourced from the community, including experts from the Collaborative Fund, an investing fund for the collaborative economy, which worked to launch the site.