According to a report by FlyFin, there are 59 million people working in the U.S. as freelancers or are otherwise self-employed, producing $1.3 trillion in annual earnings in 2021 ($100,000 million more than in the previous year). These individuals make up 36% of the entire labor force. Earnings vary widely by industry. Interesting facts: 28% of freelancers also have W-2 jobs, 78% work from home, 93% travel for business and 23% earn money through investments. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.