TAX TOOLS
Here is a list of usefull tax tools: Profit and Loss Statement: click here --> Profit n Loss A profit and loss statement, or “P&L”, is an effective tool for managing your side-hustle. It is a financial statement that provides a snapshot of how much you are making (revenue) compared to how much is being spent (costs and expenses). Simply put, your P&L shows your side-gig’s revenue minus costs and expenses, typically over a specified period. The outcome is your net profit or bottom line. Simplified Estimated Payments Calculator --> Calculator If you expect to owe more than $1,000 in taxes (that’s earning aproximattely $5,000 in self-employment income), then you are required to pay estimated taxes. This simple calculator can help you figure out how much you may want pay