The Sharing Economy and your Taxes

Sep 22 2017

Uber, Lyft, Airbnb, Etsy, Rover, TaskRabbit. If you’ve used any of these services–or provided services for them to others–you’re a member of the sharing economy. If you’ve only used these services (and not provided them), then there’s no need to […]

Read More

September 22, 2017 - (0) comments - Uncategorized

Tax Relief for Victims of Hurricane Harvey

Sep 01 2017

The IRS offers tax relief to affected taxpayers (individuals and businesses) in any area designated by the Federal Emergency Management Agency (FEMA), as qualifying for individual assistance and is part of a coordinated federal response to the damage caused by […]

Read More

September 01, 2017 - (0) comments - Uncategorized

Traditional IRAs vs. Roth IRAs

Aug 25 2017

Two types of IRAs are available to fund your retirement: Traditional IRAs and Roth IRAs. While both are subject to many of the same rules there are several important differences. It’s important to understand these differences because the type of […]

Read More

August 25, 2017 - (0) comments - Uncategorized

Business Entertainment Expenses

Aug 11 2017

As a business owner, you are entitled to deduct certain expenses on your tax return such as those relating to entertaining clients. Entertainment is considered any activity that provides entertainment, amusement, or recreation. It may also include meeting the personal, […]

Read More

August 11, 2017 - (0) comments - Uncategorized

Tax Implications of Crowdfunding

Jul 21 2017

Crowdfunding websites such as Kickstarter, GoFundMe, Indiegogo, and Lending Club have become increasingly popular for both individual fundraising and small business owners looking for start-up capital or funding for creative ventures. The upside is that it’s often possible to raise […]

Read More

July 21, 2017 - (0) comments - Uncategorized

Hobby or Business? Why It Matters

Jul 14 2017

Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a business by the IRS. Definition of a Hobby vs. a […]

Read More

July 14, 2017 - (0) comments - Uncategorized

CLOSE
CLOSE