Limited Period Access to myCPE Prime Unlimited CPE Access starting at $199. Subscribe Now

Understanding the Gig Economy

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • MRTP
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

A few decades ago, virtually everyone who was employed was, well, an employee. If you had a job somewhere, it was generally either a full-time or part-time position that involved a permanent spot on your employer’s payroll. Taxes would be deducted from your checks ahead of time, and the rules and regulations that governed employees would apply to you.

For employees and employers alike, this was a fairly straightforward scenario. As an employee, you knew what to expect from your employer in terms of hours, wages, and tax withholding. As an employer, your accountant or accounting department would handle most employees the same way, and there was a little question when it came to an employee’s status or how to handle their pay for tax purposes.

Nowadays, though, things have changed. As of 2018, we no longer live in an economy populated by traditional, full-time positions. Instead, the United States is quickly shifting from such an economic state to what we would call a “gig economy.”

The Gig Economy has many names. It's also commonly referred to as the Sharing Economy or Access Economy, to name a few. Essentially, it's a labor market based on flexible, temporary, or freelance jobs where individuals earn income by providing on-demand work, services, or by selling goods.

If your clients use an online platform to provide services, such as renting out a spare bedroom, providing car rides, or connecting with customers to provide other goods and services, then they're involved in the Gig Economy. Gig Economy income is taxable, and it can be paid in various forms.

This CE/CPE webinar on Gig Economy will offer tips and resources on a variety of topics ranging from filing requirements and making quarterly estimated tax payments to self-employment taxes and special rules for reporting vacation home rentals.

Learning Objectives

  • To define the gig economy.
  • To analyze how the gig economy developed.
  • To discuss the positive and negative aspects of the gig economy.
  • To explain what the gig economy means for taxes.

Recommended For

  • This IRS Approved CE webinar will be insightful for CPAs, EAs, AFSPs, CRTPs, MRTPs, ORTPs, and other Tax Professionals who want to understand everything about the Gig economy.

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant (CPA)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Managers
  • Tax Preparer
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Annual Filing Season Program (AFSP)
  • 1 CE Credit for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0878)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00942-22-O)
  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00942-22-O)
  • 1 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00942-22-O)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Mike Mudroncik

Senior Stakeholder Liaison, Internal Revenue Service

Mike has been with the IRS since 2002 working in the Stakeholder Liaison position since 2009 and, prior to that, as a Revenue Agent, SB/SE Exam Division, in Downers Grove, IL.  


Mike holds degrees in Business Administration and Accounting from Indiana University, an MBA from DePaul University and is working on completing a Master of Science in Taxation degree, also from DePaul University. 

About Company

Internal Revenue Service

www.irs.gov/

The Internal Revenue Service's official LinkedIn account features IRS updates to help America's taxpayers understand and meet their tax responsibilities and enforce the law with integrity and fairness to all. See also our job opportunities and follow www.twitter.com/RecruitmentIRS.

The U.S. government does not promote or endorse any non-government or commercial content appearing on this page. This service is operated by a third party and not an official government website. The IRS strongly discourages you from providing personally identifiable information. Read our privacy policy at go.usa.gov/VgO

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.4

229 Ratings

Excellent

119

Very Good

87

Average

20

Poor

2

Terrible

1

Anne Horne
Anne Horne, EA

Mar 31st, 2022

I’m sorry that I wasn’t able to view the webinar in it’s entirety. Although I do not qualify for credit, I really liked the presenter’s approach of giving actual work experience examples. Because I am not currently working, and I am an E.A. without actual work experience other than as a volunteer, I am really liking webinars that give specific examples. So, thank you!

MB

Michael Boyle, AFSP, EA

Mar 31st, 2022

This was an effective class - particularly with regard to the nuances of roles and mechanics to complete Form 1099-K and use the information to prepare tax returns.

KL

Ken Laraway, CPA (US)

Mar 31st, 2022

My only issue was presenter faded in and out so I missed some of what was said. He was very knowledgeable and easy to understand.

RS

Rachel Salu, Accountant, AFSP

Mar 31st, 2022

This was an excellent presentation. The presenter was very informative and knowledgeable.

BB

Betty Bjpowellcpa@yahoo.com, CPA (US)

Mar 31st, 2022

The course information was relevant and the instructor was very effective.

Understanding the Gig Economy

FREE

1 Credit

Subject Area

Taxes

Upcoming Webinars

Excel Accountant: Payroll Analysis
  • 4.4
  • (19)

Oct 06, 2022 | 10:00 AM EDT

Governmental Entities and Cyber Frauds
  • 4.5
  • (53)

Oct 06, 2022 | 10:00 AM EDT

Cryptocurrency Taxation
  • 4.5
  • (143)

Oct 06, 2022 | 10:00 AM EDT

Real Estate Tax Planning
  • 4.6
  • (108)

Oct 06, 2022 | 10:00 AM EDT

The Big Debate: Passive Vs. Active Investing
  • 4.4
  • (17)

Oct 06, 2022 | 10:00 AM EDT

Learn Accounting
  • 4.6
  • (10)

Oct 06, 2022 | 10:00 AM EDT

cookies_image

We use cookies to make your experience on this website better