As the ranks of freelancers swell, the taxman cometh for those in Arlington

As the ranks of freelancers swell, the taxman cometh for those in Arlington

Recent highlights:

1. Customers can get confused and think that they should pay a flat fee for gross receipts up to $100,000, plus the tax rate on the remaining receipts, however, the correct amount to file and pay is based on multiplying the total gross receipts by the tax rate, said Susan Anderson, the communications director for Arlington's Office of the Commissioner of Revenue.

2. Independent workers can deduct their expenses from their state and federal taxes, but locally, Arlington's Business, Professional and Occupational License (BPOL) tax collects on pre-expense revenue, or gross receipts

#biyro #realestate #accounting #incometax #bookkeeping

More: https://biyro.com/blog/freelance/as-the-ranks-of-freelancers-swell-the-taxman-cometh-for-those-in-arlington/

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