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#side-hustle

Side Hustle

Tax, accounting, and growth tips for side projects, freelancers, and part-time businesses

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9 минути четене

Why Your DoorDash 1099 Might Not Show Up This Year — and Why You Still Owe Taxes on Every Mile

The 1099-NEC threshold is now $2,000, so many part-time DoorDash, Instacart, and Grubhub drivers won't receive a form for 2026 — but the IRS still taxes net self-employment earnings above $400. How multi-app delivery drivers can capture the dead miles apps don't report (often 30% or more of total driving), choose between the standard mileage and actual expense methods, and set aside 25–30% of each payout for quarterly taxes.

Mike Thrift

taxself-employment-taxindependent-contractor
7 минути четене

The CRA Already Has Your Gig Income Data: Canada's Platform Reporting Rules, Explained

Since 2024, Part XX of Canada's Income Tax Act requires Uber, Airbnb, Etsy, and other platforms to report sellers with 30+ transactions or over $2,800 CAD directly to the CRA — including names, SINs, gross payouts, and fees. With two reporting cycles now on file and penalty relief expired, here's who gets reported, what data the CRA matches against your return, and how to reconcile before the next January 31 deadline.

Mike Thrift

tax-complianceself-employmentside-hustle
8 минути четене

Vinted тъкмо пристигна в Америка. Ето защо счетоводството ви трябва да се промени, не само приложението ви.

Пускането на Vinted в САЩ без такси променя счетоводството на препродавачите. Научете как да проследявате задържания в Wallet, да съгласувате 1099-K и да се справяте с данък върху продажбите съгласно правилата за маркетплейс.

Mike Thrift

bookkeepinge-commerceside-hustle
7 минути четене

Virginia's HB 402: Cottage Food Producers Can Now Sell Online and Ship Statewide

Virginia's House Bill 402, effective July 1, 2026, lets cottage food producers accept online orders and electronic payments, sell from any location in the Commonwealth, ship via third-party carriers within the state, and list a PO box on product labels. Production limits stay in place — home kitchens only, no potentially hazardous foods, no wholesale, no interstate shipping, and the $9,000 acidified-food sales cap — and localities can still impose their own zoning or permit requirements.

Mike Thrift

small-businesscompliancelegal
7 минути четене

Colorado's Tamale Act: What HB26-1033 Means for Cottage Food Businesses

Colorado's HB26-1033, the "Tamale Act," legalizes home-kitchen sales of tamales and other temperature-sensitive foods starting January 1, 2027, and raises the cottage food revenue cap from $10,000 to $150,000 per product per year. Here are the food-safety, labeling, and transport rules producers must meet — and the bookkeeping needed to run at the new scale.

Mike Thrift

small-businesscompliancelegal
8 минути четене

West Virginia's New Cottage Food Permit: How SB 44 Lets Home Producers Sell Pickled, Fermented, and Refrigerated Foods

West Virginia's Senate Bill 44, effective June 12, 2026, created a potentially hazardous cottage food vendor permit that lets home producers legally sell pickled and fermented vegetables, acidified salsas and hot sauces, kombucha, and refrigerated items like custards and cream pies. The permit requires a kitchen inspection, food safety training, a WVDA permit, and water testing for kitchens on private wells, while raw meat, poultry, seafood, and Grade A dairy remain prohibited under both cottage food tiers.

Mike Thrift

small-businesscompliancepermits
7 минути четене

Как се облагат препродажбите на спортни карти и колекционерски предмети: Данъчната ставка от 28%, данъчната основа и трите категории на IRS

Спортните карти се облагат като колекционерски предмети с до 28% дългосрочен данък върху капиталовите печалби, по-висок от този върху акции.

Mike Thrift

taxcapital-gainstax-compliance
9 минути четене

Bookkeeping for Affiliate Income: Amazon Associates, LTK, and ShareASale

Amazon Associates pays roughly 60 days in arrears, ShareASale and Impact pay per merchant program rather than as a single payer, and the 2026 1099-NEC threshold rose from $600 to $2,000 — so most affiliate income now arrives with no tax form at all, making a monthly earned-basis reconciliation the only reliable way to track what you actually owe.

Mike Thrift

bookkeepingamazonreconciliation
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