Post COVID, and with increased focus on technology, the freelance economy continues to grow, tax professionals and practice owners face unique challenges in managing a blended workforce of employees and independent contractors and more clients than ever are seeking to file taxes with self-employment income. The shift presents multiple opportunities for tax professionals to help their freelance clients navigate the complexities of self-employment and tax planning as well as grow their own practices in new ways.
The rise of the freelance economy has been driven by skilled professionals seeking greater autonomy, flexibility, and diverse work experiences. With an increased focus on remote work and improved technology, flexibility is available to a wider array of professionals than ever before. As a result, companies are increasingly relying on freelancers to fill critical skill gaps and bring fresh perspectives to their projects. Tax practice owners may find themselves managing a blended workforce, balancing the needs of both employees and freelancers, especially as hiring challenges in the accounting industry continue to rise.
