If you're self-employed you understand the unique pressures of tax season all too well. Unlike traditional employees, you don't have taxes withheld from your pay so it's up to you to stay on top of everything. There is a bright side, though: you can access a wide range of tax deductions with the potential to lower your bill if you know what to look for.
In today's gig economy, the line between hobby and business can blur quickly. Whether you're selling handmade items online, offering creative services on weekends, or teaching classes after work, understanding when your side hustle becomes a business is crucial for tax compliance and financial success.