1-800Accountant Data Shows Nearly 1 in 3 Independent Businesses Spend More Than They Earn

▤ Summary

1-800Accountant released its inaugural 1099 Earnings Report using self-reported revenue and expense data from thousands of independent workers. The report shows that nearly one in three independent businesses across 31 industries spend more than they earn, with product and inventory-heavy businesses facing the biggest pressure. Service and knowledge-based businesses generally keep more of what they earn, while apparel, publishing, and e-commerce operators often run at a paper loss. The company positions the report as guidance for freelancers and independent contractors who need tighter expense control and better bookkeeping.

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