What do I need to do taxes for my side gig or small business?

The increasing viability of remote work and the booming gig economy have meant that more and more people have a side gig, or have even taken the plunge to start their own fully fledged small business. Unfortunately, with a side gig or small business, comes questions about how to handle taxes. Here's what to know about planning for taxes for your side hustle or small business.