08/28/2023

New Tax Rule on Apps Could Spell Confusion for Small Businesses

Anyone earning over $600 through app payments will be affected

Monica Colburn helps run a Virginia hair salon. But like a growing number of Americans, she uses her flexible schedule to earn extra money.

"I have all of these extra side jobs," Colburn told CBS News.

She works weddings and promotes musicians. "I think last year, I had eight 1099s," she said.  

Please select this link to read the complete article from CBS News.