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and what they need opens new opportunities for accountants and accounting tech.<\/strong><\/p>\n by 卡塔尔世界杯常规比赛时间<\/em><\/p>\n one of the most radical and ramifying shifts in employment economics of the past several decades is the advent of gig workers\u2014the millions of americans working out of their garages, attics, closets and breakfast nooks.<\/p>\n and all of them have unique accounting needs.<\/p>\n accounting firms need them. and venture-backed software startups are chasing them. <\/p>\n new kinds of client<\/strong><\/p>\n the expansion of this workforce has been relatively sudden, facilitated by technology, and spurred to even greater scope by the covid pandemic. a survey revealed that 44 million americans were self-employed in 2019, roughly 28 percent of the workforce. these independent contractors range from uber\/lyft-type drivers to highly paid consultants. they include graphic artists, commercial writers, crafters, short-term rentals, food and parcel deliveries, house cleaners, home healthcare workers, millions whose work defies category, bookkeepers, and freelance accountants.<\/p>\n despite their variety, they all have something in common: a need to keep track of their finances and pay their proper taxes. and for all of them, excepting only the free-lance accountants, accountancy is not within their professional purview.<\/p>\n they probably hate to keep proper track of their finances and loathe the approach of april 15.<\/p>\n at the same time, organizations that hire them\u2014in 2020, one in six workers at an organization weren\u2019t employees\u2014need the unique accounting and tax (and legal) considerations that go with them.<\/p>\n the result is two kinds of opportunities for accounting firms.<\/p>\n gig needs<\/strong><\/p>\n gig workers tend to be pretty good at what they do. if they aren\u2019t, they aren\u2019t in business for long.<\/p>\n but they aren\u2019t too good at juggling their money. and, being independent thinkers and high-energy entrepreneurs, they may be involved in multiple services, often with numerous cash-flow platforms.<\/p>\n a survey conducted by abound, a digital platform that helps the self-employed manage taxes and benefits, found that 42 percent of independent workers fail to pay their quarterly estimated taxes because they either aren\u2019t aware of what they need to do or can\u2019t figure it out.<\/p>\n so look what they need help with:<\/p>\n \u2022 bookkeeping; gig opps<\/strong><\/p>\n all these needs are opportunities for cpa and tax prep firms. but the people with those needs are a very special kind of client.<\/p>\n \u2022 they are very busy. consequently, taking on gig clients is different from employee and business clients. they need a diverse medley of services, especially advice on everything from bookkeeping to software to specialized internet platforms to tax compliance, not to mention reminders of all sorts of things.<\/p>\n
\nand that was before covid.<\/p>\n
\n\u2022 managing cash flow;
\n\u2022 keeping records;
\n\u2022 understanding relationships between costs, expenses, overhead, revenues, and investments;
\n\u2022 complying with financial obligations;
\n\u2022 estimating and paying quarterly income and self-employment taxes;
\n\u2022 understanding, calculating, and managing deductions;
\n\u2022 filing state sales, income and other taxes;
\n\u2022 filing federal taxes;
\n\u2022 appreciating the potential of digital platforms for their work;
\n\u2022 and grappling with the irs after any of the above results in questionable tax returns.<\/p>\n
\n\u2022 they don\u2019t have time for the nitty-gritty of financial records.
\n\u2022 they work weird hours.
\n\u2022 they might not know much about business management.
\n\u2022 they night see financial records as irrelevant to what they do.
\n\u2022 they might not have a budget for accounting by a third party.
\n\u2022 the lyft driver may zoom in from a car, the consultant from an airport gate, the airbnb host from a foreign country, the house cleaner from somebody operating a vacuum cleaner.
\n\u2022 they\u2019re entitled to (and much in need of) various deductions.
\n\u2022 they\u2019re tempted to hide money.<\/p>\n
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