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For more than 25 years, the professionals at Grand Canyon Planning Associates have provided comprehensive retirement, tax, and estate planning services to families throughout Arizona.
We offer complimentary and obligation-free meetings to find out more about your needs and to see if our services are right for you. Whether you are just starting out, well into your working years, getting ready to retire, or already retired, we can help you protect and preserve the legacy you’ve worked a lifetime to build.
Regardless of age, phase of life, or the size of your estate, everyone can benefit from estate planning: a living trust, a will, or powers of attorney.
At GCPA, we evaluate every aspect of your finances to create customized plans and solutions that will grow with you for your retirement planning.
Let us analyze your financial plan with a tax perspective to create tax-efficient solutions and identify ways to potentially reduce your taxes in retirement.
Taking a Side Gig? Here’s How It May Affect Your Taxes
Taxpayers who work in the gig economy may benefit from a better understanding of how their work affects their taxes.
Here are some things taxpayers should know about the gig economy and taxes:
This income may be taxable even if the taxpayer providing the service doesn’t receive a Form 1099-MISC, Form 1099-K, or Form W-2. This income may also be taxable if the activity is only part-time or side work or paid in cash.
*This information is not intended to be a substitute for specific, individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov5
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