Posts authored by Jonathan Medows

Jonathan Medows is a NYC-based CPA who specializes in taxes for consultants across the country. His website has a resource section with how-to articles and information for freelancers.
Jan 12, 2023

Freelancers with Crypto Income: Get Up to Speed on New IRS Guidance and Reporting Requirements for Digital Assets

Here are some key points regarding cryptocurrency and digital assets to keep in mind when you are completing your 2022 tax return and planning for the 2023 tax year.…

Jan 3, 2023

Breaking News on Payment Platform Tax Reporting: The IRS Delays $600 Reporting Threshold for 1099-Ks

The IRS has just announced a delay in the income reporting thresholds for third-party settlement organizations like PayPal, Venmo, & CashApp

Dec 22, 2022

Use This Checklist to Make Your Freelance Tax Filings Easier

Use This Checklist to Make Your Freelance Tax Filings Easier…

Dec 21, 2022

Hardship Accommodation Plan for Economic Injury Disaster Loans May Help Your Freelance Business Cash Flow

If your freelance business received an Economic Injury Disaster Loan (EIDL) during the COVID pandemic, it will soon be time to start paying it back, given that The U.S. Small Business Administration’s (SBA) extended 30-month deferment period is coming to a close.…

Dec 6, 2022

Reduce Your Freelance Tax Bill with These Top Year-End Deductions

With inflation in mind, here are the top ten freelance business expense deductions to consider claiming on your 2022 tax return…