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hi everyone welcome if you are already subscribed to my channel and if youre new here my name is lena im a certified public accountant and here on my channel i focus on helping small business owners as well as focus on personal tax and finance in general go ahead and subscribe to my channel if you havent already and enable notifications by ringing the bell the gig economy has made side business a norm whether it is driving a lyft fiver or other avenues professions across virtually every industry are now earning money as a side business there seems to be no end to what the side business has become with that i have to say that ive seen many of those who have side businesses been hit with surprise tax bills and even irs audits having a side business introduced a new set of issues because the irs is looking to tax you on these earnings so before you get your side business up and running it is important to fully understand what your tax implications are if you plan to really focus on y
