If you are a Lyft driver, then you are considered self-employed and need to file taxes accordingly. Learn more about 1099 forms and filing Lyft taxes.
If you're an Uber driver, then Uber will send you a 1099 form to use for your tax filing. As an independent contractor, you could receive a 1099-K, 1099-NEC, and/or 1099-MISC form.
If you are looking for the best times to DoorDash in your area, then this guide is for you. We cover how to find the best time to Dash on weekdays, weekends, throughout the day, and more.
We provide a step-by-step guide to enhancing your employee reimbursement program. Plus, we address how you can avoid common (and costly!) mistakes many companies make on reimbursements.
Learn who must pay quarterly taxes, how to calculate estimated tax payments, and how to stay on track for your next quarterly tax payment.
This guide is for Uber drivers—learn about the tax forms you need, how to maximize your tax write-offs, and more. Our goal is to make your tax prep easy and straightforward.
This guide is for Lyft drivers—learn about the tax forms you need, how to maximize your tax write-offs, and more. Our goal is to make your tax prep easy and straightforward.
This guide is for Doordash drivers—learn about the tax forms you need, how to maximize your tax write-offs, and more. Our goal is to make your tax prep easy and straightforward.
According to a study commissioned by Upwork in conjunction with the Freelancers Union, in 2017 there are over 57,000,000 freelancers, or "independent workers" in the United States. This number totals around 36% of the working population in America! This guide is for them! Learn about freelancer taxes.
We address 5 common employee reimbursement mistakes we see companies making to fix today—and best practices for avoiding them.
Catholic Charities West Michigan uses Everlance to run their mileage system. With Everlance’s accurate and intuitive technology, the team can focus on serving their community, not their mileage logs.
Learn how to do an expense report. We cover everything you need to create an excellent expense report that will impress your boss.
If you are looking to join the Top Dasher club, this guide is for you. We cover the top Dasher requirements, how to re-qualify, if it is worth it, and more.
Many businesses struggle with employee mileage reimbursement in 2021. Learn about the modern and easy way to manage your mileage program.
Expense reports track and organize work expenses. These reports help employees get reimbursed for business expenses that they paid for with their own money. Get the facts and a free template in this guide.
Everlance Business is mileage reimbursement for the 21st century. Whether you need a FAVR or CPM program, we've got you covered. We’re excited to combine our #1 mileage & expense tracking app with a powerful admin dashboard to help organizations manage their mileage & expenses.
Just by using Everlance Business, Hoffman Beverage saved hours of administration time, cut costs, and ensured salesforce effectiveness. Learn more about how Hoffman Beverage uses mobile mileage and expense tracking.
With Amazon Flex and Amazon FBA (Fulfillment by Amazon) increasing in popularity, it's time to level-up your strategy. We have the best tips to help you earn more fast.
Learn more about the meaning of a side hustle. Plus, we share a list of top productivity tips to help you reach your full potential.
Are you interested in the gig economy? Then, you'll want to check out this post. We cover how much you can make with top gig platforms, like Uber, Lyft, and more.
Ready to test your Honda CivicX knowledge? Take the quiz to see if you really know your car facts. Plus, some throwbacks to its launch.
Are you ready to level-up your DoorDash strategy? Here are the best tips from pro Dashers on Reddit.
A mileage tracking app may just be the best shortcut to maximizing your deductions as a self-employed person. Learn more about what mileage tracking apps and how to maximize your tax deductions here.
Are you looking to learn more about fuel-efficient cars? Here is the ultimate guide to fuel-efficient cars, from how they benefit the environment to how to decide if you should get one.
If you're looking to save on mileage, then FAVR may be the right employee mileage reimbursement program for you. It's a tax-efficient program that is customized to your mobile workforce. Learn more.
Everlance has received a number of inquiries from our California users about Prop 22 and the $0.30/mile reimbursement calculation. That’s why we asked the team at Block Advisors to help shed some light on this issue.
The IRS has announced the E-File Open Day for Tax Season 2021. Starting on this date, the IRS will start accepting and processing tax returns. Get the details about the Open Day and more in this article.
Managing a mobile workforce can be overwhelming. That's we put together the best tips for building a company mileage reimbursement program. We'll cover how to calculate reimbursement rates for oyur employee mileage reimbursement program.
If your employees are required to drive on the job, you want to be assured that they won't be breaking traffic laws or getting into accidents. Learn more about how you can ensure that your employee is a safe driver.
Filing taxes as an independent contractor can be confusing—that's why we created this guide to filing taxes as an independent contractor. Learn more all the information you need to get your taxes done right.
For decades, independent contractors who drove for work had no method of tracking their mileage besides keeping a pen-and-paper mileage logbook. But now there is a better way—using a mileage tracker app that does the work for you. Learn more about why you need a mileage tracking app in this article.
In April 2020, the federal government started the process of depositing stimulus payments into eligible individuals' bank accounts that have direct deposit setup. Learn more about these stimulus payments and get your questions answered here.
Starting April 10 2020, independent contractors and self-employed individuals can apply for the Paycheck Protection Program (PPP), part of the government’s Covid-19 stimulus. Learn more about this program and whether you qualify here.
At any time, being an independent contractor can be complicated—add a pandemic and things can get even more overwhelming. That's why we've pulled together resources for independent contractors to consider during the COVID-19 pandemic.
In response to the COVID-19 pandemic, you may have seen that the recent Coronavirus Aid, Relief, and Economic Security (CARES) Act will allocate $350 billion to help small businesses keep workers employed. The key small business policy initiative here is the “Paycheck Protection Program” (PPP) which will be fully backed by federally guaranteed loans. Learn more here.
A bit of good news amidst the Covid-19 outbreak. Due to the outbreak, the IRS has extended the federal tax filing and payment deadline. Learn more about the extension in this article.
Most of us aren’t auto experts, and that’s okay. As long as you keep track of your mileage and stay up to date on a regular car maintenance schedule, you’ll know what to ask of your mechanic and can avoid many of the problems that arise from vehicle neglect. It also helps to keep a car maintenance log and adhere to the following servicing schedule.
If your job requires you to drive your personal vehicle for work, your employer likely offers an incentive in return for the wear and tear you're putting on your car. Most companies often provide this incentive in the form of a cent per mile reimbursement plan or a flat-rate car allowance. Learn more about which one is better for employees here.
IRS Publication 463 sets the rules for companies to help them determine what business expenses are tax-deductible. This helps the self-employed understand what can and cannot be deducted on their taxes. Get the details on IRS Publication 463 here.
The Canada Revenue Agency (CRA), which is the Canadian equivalent to the IRS, recently announced its 2020 income tax deduction limits and expense benefit rates that will apply when using an automobile for business purposes. Referred to as the Automobile Allowance Rate, this rate is not a fixed value, and just as the U.S. Standard Mileage Rate, it can change slightly year over year.
If you’ve just started working in a new line of work, you may be overwhelmed by all the jargon involved. Employers may want to know if you are bonded and insured, licensed and insured, licensed and bonded, or maybe even all three, but what do all these terms mean, exactly?
Does your company need someone with a specific skill set to take on a short-term project? Do you have an employee who is taking a brief leave from their job? Are you hesitant to hire new employees for permanent positions? Learn more about hiring temporary employees.
Being an independent contractor comes with more tax responsibilities than if you were an employee. But the good news is that you can also take advantage of more tax breaks and deductions. Let’s go over the differences between being an employee and independent contractor.
Business owners, HR executives, and payroll managers have several factors to take into account when deciding on an employee mileage reimbursement policy. Let’s review the considerations and best practices below when it comes to employee mileage reimbursements.
Tampering with a car odometer means much more than a discrepancy between actual mileage and the number that’s shown on the odometer. In the United States, changing or altering an odometer reading is a federal offense, and it’s one that costs consumers over $1 billion annually. Learn more about the signs of odometer fraud here.
Are you curious about the states with the highest and lowest income tax? Well, we've got the facts on these states. Except for specific individuals who are exempt, the majority of us have to pay federal income taxes. What we pay is based on our yearly income, which determines the tax bracket we fall under. In addition, you may also have to pay state income taxes. The amount you pay in state income tax is dependent on where you live, with state tax rates ranging from zero to 13.3 percent.
If employees need to drive often to perform their jobs, businesses can either provide their staff with a company vehicle or have employees use their own personal cars for work. While offering company cars may seem like a good investment, there are tax considerations to keep in mind. Learn more about company vehicles here.
Doctors making house calls may be a thing of the past, but providing healthcare services outside of medical offices and hospitals have grown exponentially over the past few decades. As a result, home healthcare has become an essential business, offering valuable outpatient services to the elderly and as a viable treatment for many other health conditions. Learn more about home health mileage tracking here.
The IRS has some strict rules on driving for work. Whether your commuting miles can be written off on your taxes is dependent on many factors and specific instances of your work-related trips. Get the facts in this rule here.
If you’re in the market for a car, consider the sticker price before making your final decision. Car depreciation, or the loss of value on your vehicle over time, will affect the overall financial impact of your buying decision. Learn more about car depreciation here.
Today we are releasing our newest iOS only beta feature, Instant Deduction Finder. Over the last two years,thousands of users on both iOS and Android platforms have been recording and organizing their business expenses with Everlance Premium. We are excited to add this new powerful feature to Premium.
Operating your vehicle is a considerable expense when you take into account your car payments, insurance, gas, maintenance and more. It can certainly make a significant dent in your monthly budget. The good news is that if you’re self-employed, you may be able to write off some of these expenses if you use your car for business purposes too.
Even if you know very little about the specifics of tax deductions, you’re likely familiar with the idea of deducting business expenses. To accurately track your spending on business-related purchases, you should make an effort to organize receipts and store your receipts associated with those transactions. In this article, we'll help you figure out how to organize your receipts.
Running a business can be complicated—that's why we created this guide. In this guide, we'll help you calculate the Gross Profit Margin for your business.
Do you know the definition of Adjusted Gross Income? Well, that's why we created this guide. Your AGI is your gross income minutes your adjustments. Learn more about AGI and how to calculate it in this article.
The good news is that 2019 kicked off with relatively low gas prices. An oversupply of oil on the world market lead to a steady decline in the price of fuel. With the national average gas price at $2.25 at the beginning of January, it’s actually the lowest price since 2016 for this time of year.
Interested in the gig economy? Well, this post is for you. We cover the gig economy’s challenges, size, and trends —as well as how House of gigs and Everlance can help independent contractors succeed.
The Canada Revenue Agency, also referred to as CRA and the Canadian equivalent to the IRS, allows residents to deduct business mileage on a cost per kilometre basis. This is known as the CRA Mileage Rate or the Automobile Allowance Rate, and just like the U.S. Standard Mileage Rate, it is not a fixed value and can vary year to year.
With so many new features coming out recently, we thought it would be great to hear from the creators on what inspired them to design and build these features. This week we sat down with our Lead iOS Engineer to pick his brain on the progression of iOS coding and what are someone of his favorite Everlance features.
If you are an Uber driver, or a driver for any other rideshare company such as Lyft, you are considered an independent contractor, not an employee. As an independent contractor, you are self-employed and therefore, you'll need to file your taxes accordingly. It's essential that you maximize your deductions.
Small business financing can be one tough road to go down, as funding your small business is no easy task. Today, we’ll discuss how to make the right financing decisions for your small business, as well as what factors to consider when borrowing money for your venture.
The two most important factors for companies to be successful with expense management are keeping a close eye on business expenses to determine where and how certain costs may be reduced, and the automation of expense tracking and reporting. Learn more about the best practices for expense management in this post.
If you own a motorcycle and use it as a primary business vehicle, you may be able to take a mileage deduction on your taxes. However, taking a motorcycle mileage deduction is different from the IRS Standard Mileage Rate and you won’t be able to apply the standard mileage rate to your motorcycle. It is therefore important to keep detailed records of your expenses in order to calculate the actual amount you are able to deduct.
Today we’re releasing Everlance bank and credit integration on Android. We launched Everlance 1.0 as a better way to document your business mileage. Why keep a paper mileage log in your glovebox if you have a supercomputer in your pocket that can communicate with a satellite?
Do you work from home, or conduct a significant amount of business while at home? If you use part of your home for your business, you may be able to deduct some of the expenses for the business use of your home. Learn more in this post.
There are many expenses associated with owning a car, but one of the most frequently recurring (and potentially frustrating) is fuel costs. Yes, maintenance can be costly, but fuel, whether gas or diesel, is an expense that cannot be stretched or put off for another couple hundred miles; when you need it, you need it, or you won’t reach your destination. Learn more about how to save money on gas in this post.
Learn more about how to form a business and the different forms it can take: Sole Proprietorship, LLC, LLP, S Corp, or C Corp.
Tax time is quickly approaching in Canada and Everlance wanted to make sure our Canadian friends up north were prepared for savings.
Learn more about the partnership between Everlance and Wonolo.
The IRS released their 2019 Standard Mileage Rate and it looks like the rates have changed. Learn more the latest Standard Mileage Rate.
Running a small business can be complicated—that's why we created this guide. Learn more about small business mileage and expense tracking and how it can help your business.
In order to properly track mileage for tax purposes, the IRS has a short, but strict set of rules that every person must adhere to if they're going to claim mileage-based deductions on their tax return.
According to recent federal self-employment statistics, nearly 27 million Americans will leave their full-time jobs from 2017-2020, bringing the total number to 42,000,000 in the U.S. alone.
The self-employment tax covers Social Security and Medicare for self-employed individuals. You pay it as part of your standard tax payment at the end of the year.
As the 2018 tax season concludes, we’re excited to report on the progress of a successful partnership with TaxAct Pro Advance we launched for the year.
Learn more about how mileage tracking can help construction workers with their taxes.
For those of you that are still using a mileage log book to record your daily business mileage, we wanted to take a moment to show you how you could be saving hundreds of hours every year using an automatic mileage tracking app like Everlance.
Hundreds of thousands of users use Everlance every day to automatically track their business mileage and expenses, but why do they use Everlance instead of our competitors? And which Everlance product do they use? Learn more.
Every day Everlance tracks over 1,000,000 miles from our users and this is primarily done with standard GPS on a smartphone. It works well and it's the industry standard for tracking apps.