Customers are now able to hire 1 or 2 professionals for tasks that require labor only such as moving help or rearranging furniture in your home/office. Whether you need help loading/unloading a truck, additional manpower for moving in or out of a storage unit or loading a POD, GoShare’s Labor Only service has you covered. Vehicles are not included in the Labor Only service.

Who is Labor Only Service for?

Anybody who needs a pair of hands (or two) for manual tasks. Our Labor Only service is perfect for customers who:

• Are rearranging furniture in their home or office.
• Need help loading or unloading a rented truck.
• Require assistance when moving in or out of a storage unit.
• Plan on doing the driving themselves and only need help with the heavy lifting.

Benefits

1. Cost-effective

By paying for the labor you need by the minute you will never overpay. We use AI to give you an accurate estimate of how much time it should take.

2. Flexibility

You’re in control, use our workforce in a way that truly suits your requirements. Need them to simply load/unload a truck? Or want them to move furniture within your property? You decide!

3. Skilled labor

We provide you with professional, skilled, and background checked labor. They understand how to handle your belongings with care and proficiency.

4. Time-saving

Why spend your valuable time on strenuous labor? Let our moving and delivery professionals handle the manual work while you focus on more critical tasks or sit back and relax.

We’re thrilled to provide a helping hand to those who need it. The Labor Only service is another way that GoShare is adapting to meet the needs of our valued customers. We continuously strive to surpass customer expectations, and the Labor Only service is just one of the many ways we aim to achieve that.

Looking for help with moving or other labor tasks? Get a free estimate and Book Now using our website or mobile app and get help the same day or schedule in advance.

The post Labor Only Service – Help Moving or Loading Truck appeared first on GoShare.

What is an Independent Contractor?

Let’s begin by first defining what an independent contractor is. An independent contractor is a non-employee who operates his/her own business which means that, when working as an independent contractor, taxes will not be withheld from your pay to cover your Medicare and Social Security taxes. Instead, as an independent contractor, you are required to pay self-employment taxes quarterly to cover your Medicare and Social Security expenses – you may not wait until April 17 to file your taxes – you must pay estimated taxes four times a year if your expected tax liability will be at least $1,000. Due dates for estimated tax payments are April 15, June 15, September 15, and January 15. It is important to understand that the IRS will impose heavy interest penalties if proper estimated tax payments are not made.

Legal Stuff – 1099 or W2

As an independent contractor, you may receive a document called Form 1099-MISC or 1099-K to report your income not a W2. Your independent contractor taxes will be filed using Form 1040 along with Schedule C which shows your profit or loss from business and Schedule SE which is filed to pay your self-employment taxes. It is important to keep great records of all business expenses to get the most advantage from tax deductions. You can do this by saving and managing all of your receipts.

Tax Deductions

Rideshare drivers can take advantage of tax deductions in one of two ways: by either using the standard mileage rate or by deducting from actual expenses. If you’re choosing the standard mileage rate then you can deduct 57.5 cents per mile (in 2020) for business miles. If you’re choosing to deduct from your actual expenses then expenses such as gas, vehicle repairs, lease payments, depreciation, the percentage of your cell phone bill used for business, and any equipment used for your business can all be deducted. For example, GoShare delivery professionals can deduct equipment such as moving blankets, ratchet straps, and dollies.

Free or Low-Cost Tools

The standard mileage rate requires less recording keeping and mileage tracking apps such as MileIQ or TripLog make it easy to track your miles. Alternatively, while keeping track of your actual expenses may require more record-keeping, apps such as Expensify can make it quick and easy to take a picture of your receipts and track your purchases. Your accountant will thank you for using these apps to track all of your miles or expenses.

Summary

Understanding independent contractor taxes and knowing what deductions can be made are an important part of your business, and whether you choose the standard mileage rate or actual expenses for your deductions, remember that great recording keeping is essential. GoShare connects independent truck and van owners with business and people who need to move and deliver large items on demand.

GoShare Inc. and our affiliates do not provide tax, accounting or legal advice. This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Sources include but are not limited to the IRS

The post Tips For Independent Contractor Taxes in The Sharing Economy appeared first on GoShare.

1. Access Without Ownership – The sharing economy is great for people who need to use something short term but don’t need to own it. Two great examples are boats and pickup trucks. Everybody has needed or wanted access to a boat or a pickup truck every now and then, but most people don’t need to own them. Companies like Boatbound and GoShare give people easy access to those items when they need it.

2. Maximize Value of Property – The average vehicle sits idle 92% of the time while costing owners an average of $6,500 per year. The sharing economy allows car, van, SUV and pickup truck owners to maximize the value of their vehicle by turning it into an incoming earning asset when it otherwise wouldn’t have been used.

3. Reducing Over-consumption – Studies have proven that over-consumption is not only bad for our planet but its bad for our society as well. Our land fills in America are growing by the minute, filled with underused goods. At the same time, our excessively materialistic culture is  only increasing anxiety and depression levels while driving many people into insurmountable debt. Collaborative consumption through sharing will help solve this problem.

4. Bringing Back Trust – Sometimes I get the feeling that people don’t really trust people anymore. Every time you turn on the news its another story of a school shooting, a financial institution ripping off customers, or the treat of a terrorist attack. With all of this bad news its understandable that people are losing faith in humanity. The first time I used Airbnb, I was a host to guests from Germany and Russia and also a guest in a strangers home in London. I admit that I was a little nervous at first, but it turned out to be a great experience. Looking back, it felt good to trust other people and to be trusted. Many sharing economy businesses use a two way rating system to help build a trustworthy community.

5. Convenience and Ease of Use – Technology has allowed the sharing economy to thrive over the past few years. Mobile devices like the iPhone and Android phone allow people to stay connected 24/7 and have allowed business to build apps that are so easy to use, you can’t help but get hooked. Just a few taps on your mobile phone and you can have a driver with a pickup truck show up at your door to give you a hand with moving, hauling, or delivering an item. 10 years ago this would be unimaginable!

The post Top 5 Reasons Why You Should Participate in The Sharing Economy appeared first on GoShare.