DIRS.INFO The most relevant business & tech news

☆ German startup Gorillas is bringing its 10-minute grocery delivery to the US — and entering a fierce battle to disrupt the $100 billion online-grocery industry
▼ + stars: | 2021-05-26 | by ( Nancy Luna | ) www.businessinsider.com time to read: +7 min

Gorillas, which competes in Europe, is bringing its 10-minute delivery service to the US. Sümer believes Gorillas can break the habit of stockpiling groceries by offering US consumers on-demand delivery of "emergency" and "replenishment" groceries. He named the company Gorillas because his concept is "bold" and "authentic" just like a strong gorilla. It plans to expand to Italy in May, and also expand its delivery service to more US cities and European countries this summer. In Europe, Gorillas competes with Berlin-based Flink, Turkish delivery service Getir, and 10-minute delivery service Dija.

☆ The biggest threat to UPS and FedEx isn't Amazon. It's the gig economy.
▼ + stars: | 2021-04-27 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Target's new delivery strategy shows FedEx and UPS are being disrupted by the gig economy. Top analysts see gig startups taking volume from UPS and FedEx. Gig delivery is leveling upOne gig driver delivering one order at a time isn't much of a competitive threat to the way UPS and FedEx move goods. Beyond same-day service, gig startups often offer live tracking and text updates for each order. On UPS' first quarter earnings call Tuesday, UPS CEO Carol Tomé acknowledged that gig logistics companies are competitors of UPS.

☆ How to file your taxes this year if you're a freelancer, with best practices from accountants and self-employed professionals
▼ + stars: | 2021-02-24 | by ( Robin Madell | ) www.businessinsider.com time to read: +15 min

Insider found accountants, tax preparers, and self-employed professionals to offer strategies that can take the fear out of freelance tax-paying requirements. "A deduction is allowed for the employer portion to reduce business income," Fishbein said. Instead, keep your own clean records and file taxes based on those. For the tax year, estimated payments are due in April, June, September, and January. The IRS notes that self-employed people are among those who may need to make estimated payments, according to their "The Basics of Estimated Taxes for Individuals."

Gig workers must pay federal income taxes, and a 15.3% self-employment tax on earnings above $400. Like any other self-employed person, gig workers can lower the income tax they owe by claiming relevant expenses. That means if you earned money from Uber, Lyft, Postmates, Instacart, Etsy, or a similar company, you may be on the hook for federal income taxes. You'll have to pay income taxes on your net earnings (your gross income minus any related expenses). The deadline to pay any individual income tax you owe for the 2022 tax year is April 18, 2023.

Search resuls for: "Gig Workers"

4 mentions found