Did you make money this past year with crowdfunding? You’re not alone. The fundraising technique was responsible for billions of dollars from donors all over the world. Despite this, there’s still a lot of confusion about crowdfunding and taxes. What the IRS Has to Say About Crowdfunding and Taxes In a word, nothing. You can […]
New Business? Your First Tax Filing
Is this your first year running your own business? If so, you’re probably feeling quite the sense of accomplishment. Of course, you still need to finish strong, which means nailing that initial tax filing. 3 Steps for Filing Your Company’s Taxes for the First Time While it’s definitely an important process, the good news is […]
Five Tips to Make Tax Time Painless
Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. 1. Have patience. Practicing patience will go a long way when you’re dealing with taxes. Keep in mind that […]
What the Tax Law Means for Your Small Business
President Donald Trump signed his tax cut bill into law on Friday, December 22, 2017. To say it introduces quite the shakeup to current legislation would be a major understatement. At the same time, it might not last. Governor Cuomo of NY has vowed to challenge the bill and he’s not the only one. Still, if you […]
What the Proposed Tax Cuts Mean for Flow-Through Entities
If you’ve been paying attention to the news, then you know that the way you handle tax planning for your business may soon change in a very big way. In fact, depending on what happens, it may actually be worth it to change the very structure of your flow-through entity. 2 Ways Tax Planning May […]