Virtual Currency FAQs
The use of virtual currencies have become more widespread in today’s economy. According to the IRS, a virtual currency is [...]
Differences Between Exemptions, Credits, and Deductions
Knowing the difference between an exemption, a credit and a deduction, can be confusing. In this article, we are going [...]
Key Legislative and Regulatory Changes to Affect Small Businesses in 2018
Will your business be impacted by legislative reforms and regulatory changes in 2018? This list of the most significant changes [...]
Calculating Your Tax Deduction on Qualified Business Income
As you know, new tax code Section 199A offers a 20 percent tax deduction on your qualified business income—if you [...]
Protecting Your Business: Legally, Physically and Digitally
From the solopreneur to multi-million-dollar corporations, businesses of every size face risks: legal, physical, and digital. Self-protection can seem bewildering. [...]
Business Tax Tips That Could Save You Thousands
We have worked with many entrepreneurs like you over the years. We find that the majority of our clients strive [...]
Hobby Income Versus Business Income
The tax law has mistreated hobbies for a long time. But the most recent tax reform brings an end to [...]
S Corporation or Sole Proprietor?
Tax reform created a new 20 percent tax deduction for select pass-through entities. Will your business operation create the 20 [...]
Who Qualifies for Tax Credits?
We love tax credits because they help to reduce the taxes our client has to pay Uncle Sam. The two [...]
Advice for First Time Home Buyers
Buying your first home is a major step. Make sure you’re ready by checking out NerdWallet’s list of things to [...]