[IMGCAP(1)]The sharing economy has created untold numbers of micro-entrepreneurs, who provide services through digital-age apps.
Airbnb, Lyft, Sidecar, Snapgoods and Uber are just a few of the companies enabling the sharing economy. But many who engage in this form of entrepreneurship find it much easier to get their business up and running than to deal with keeping track of profits, expenses and taxes. Yet the revenue they take in is still income, and most will need professional advice this upcoming filing season in order to get it right.
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