08.04.25 Subscriptions: A Clark Smart Assignment / Tax Update for freelancers & Payment Apps
The Clark Howard Podcast
Clark Howard
4.6 • 5.2K Ratings
🗓️ 4 August 2025
⏱️ 30 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | It's great to have you here on the Clark Howard Show. |
| 0:07.6 | You know, our mission is to serve you with advice and information that empowers you |
| 0:13.6 | so you can make better financial decisions in your life. |
| 0:17.9 | I hope you started out this week by reading our daily newsletter from the team |
| 0:24.7 | at clark.com. We've recently made additions to it like daily stats that I really enjoy seeing |
| 0:32.6 | in my inbox. To subscribe so easy, just go to clark.com slash newsletter and you know what this is important |
| 0:42.8 | about what i'm going to talk about straight ahead we make it really easy to sign up do you know we |
| 0:48.0 | make it is equally easy if you say i don't like this thing toubscribe, as simple to cancel as it is to sign up, |
| 0:58.9 | because I'm going to talk about that straight ahead. |
| 1:01.2 | And later, I've got a homework assignment for you. |
| 1:05.7 | Some good news for you on tax reporting changes. |
| 1:10.3 | Good stuff. Okay. so I was all excited last, I think it's last |
| 1:17.3 | year when it was initially announced, we were going to have a new rule going into effect |
| 1:23.1 | this summer that would require that companies could no longer play you like a fiddle |
| 1:30.8 | when they'd have a trial period or you sign up for something and then you want to quit later |
| 1:38.6 | whatever it is a gym membership or a video streaming service, whatever it is, that however you were able |
| 1:48.5 | to sign up, you would also be able to quit the same way. Well, let me tell you, companies |
| 1:54.5 | large and small went berserk, wired up, and just before the new rules on canceling were going into effect, |
| 2:07.5 | a three judge panel in an appellate court said, nope, nope, this interferes too much with business. |
| 2:16.6 | So businesses are still going to be able to lure you in with an easy sign-up for something |
| 2:24.0 | and make it as difficult for you to cancel it as possible. |
| 2:29.5 | Let me tell you some of the industries that are the worst offenders of this. For years and years and years and |
... |
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