Don’t Let Tax Issues Trip Up Your Great Idea
Late last week, the New York Times published a story that caught our eye: they profiled several entrepreneurs who ran into some complicated tax issues after running successful Kickstarter or other crowdfunding campaigns. Not only were some of these people…
Read moreIs your business using social media effectively?
Ah, social media. An industry that barely existed ten years ago is one of the most talked about parts of the internet, if not the entire business world. Everyone seems to be on it, but could your small business be…
Read moreCan you turn your hobby into a business?
Many small businesses are started when someone turns a personal interest into a money-making endeavor. But what’s the difference between a hobby and a business? And why does it matter in the first place? As with many tax questions, it’s…
Read moreIRS provides relief for small businesses from filing Form 3115
On February 13, the IRS released Rev. Proc. 2015-20, which provides a simplified method for qualifying small businesses to comply with the final tangible property regulations. Here’s an article from the Journal of Accountancy discussing the changes, and here’s a…
Read moreNow’s the time to change your withholdings!
Whether you ended up owing money or getting a refund at tax time, did you know you can modify the amount of money withheld from your paycheck? Here’s how Some people love receiving a tax refund every spring, while others…
Read more