Home Business Zelle it like it is

Zelle it like it is

by The 100 Companies

There is a new tax rule on the books that will affect millions of small business owners, independent contractors and freelancers. If you receive $600 or more this year from a digital payment service like Zelle, Venmo, PayPal or CashApp, they’ll report that amount to the IRS.

Not fun for SWFL musician Josh Kerwin who uses a virtual tip jar when performing. If you’re not good at keeping records, no worries. Your payment service will be doing the work for you.

So it’s a good idea to create separate accounts, both professional and personal … just for the Zelle of it. 

Vikki Locke, The SWFL 100

You may also like

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Arizona 100