Money Talks: Gig Economy

from Money Talks · host MPB Think Radio

Do you have a part time gig? Do you have many part time gigs as your only source of income?We have some helpful tips for those who are looking to increase their income and some cautions for those who aren't considered "employees". Remember: if you aren't an employee, you probably aren't having Social Security, State and Federal Taxes with held from your payment. You are responsible for paying those amounts in each quarter. There are a few tests that must be passed to determine if a worker is an employee or if they are an independent contractor: https://www.dol.gov/newsroom/releases/whd/whd20190429 https://www.thebalancecareers.com/15-side-jobs-to-make-some-extra-money-4074574 has a list of 15 Side Jobs to Make Some Extra Money and web links to get you started:1. Ride Share/Delivery Driver2. Household Helper/Personal Assistant3. Care Giver4. Pet Sitter or Dog Walker5. Customer Service Representative6. Get a Freelance Gig7. Rent Your Extra Space8. Sell Your Stuff9. Get Some Micro Jobs10. Participate in Research Studies or Focus Group11. Organizer/Mover12. Party Planner13. Work for a Caterer14. Tutoring15. Work at a Market or Festival Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

Do you have a part time gig? Do you have many part time gigs as your only source of income?We have some helpful tips for those who are looking to increase their income and some cautions for those who aren't considered "employees". Remember: if you aren't an employee, you probably aren't having Social Security, State and Federal Taxes with held from your payment. You are responsible for paying those amounts in each quarter. There are a few tests that must be passed to determine if a worker is an employee or if they are an independent contractor: https://www.dol.gov/newsroom/releases/whd/whd20190429 https://www.thebalancecareers.com/15-side-jobs-to-make-some-extra-money-4074574 has a list of 15 Side Jobs to Make Some Extra Money and web links to get you started:1. Ride Share/Delivery Driver2. Household Helper/Personal Assistant3. Care Giver4. Pet Sitter or Dog Walker5. Customer Service Representative6. Get a Freelance Gig7. Rent Your Extra Space8. Sell Your Stuff9. Get Some Micro Jobs10. Participate in Research Studies or Focus Group11. Organizer/Mover12. Party Planner13. Work for a Caterer14. Tutoring15. Work at a Market or Festival Hosted on Acast. See acast.com/privacy for more information.

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This episode was published on April 30, 2019.

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