With more freelancing opportunities available than ever before, more people are taking part in the “gig economy.” Having part time jobs enable people to make their dollar go further during the year, but if due care isn’t taken with regard to taxes,...
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Corporate Taxes
Gray entrepreneurs should know about taxes
When you think about today’s common entrepreneur, who do you envision: the baby faced techie or the gray haired dreamer? If you have seen the movie “The Intern,” chances are that you will identify with Anne Hathaway’s character more than Robert...
Uber could face billions in outstanding payroll taxes ?
San Francisco based ride sharing company Uber has arguably become a phenomenon. With the ability to locate an Uber driver and have a ride within minutes, the company has threatened to change the taxicab industry forever. However, with any new and successful company...
Are foreign earnings double taxed?
The great thing about small businesses in America is that they commonly don’t need a great deal of capital to start up, and they can react and adapt in much more of a nimble manner compared to large multinational companies. This is especially important when a...
Financial concerns small businesses should be aware of
If you are growing a new business, part of what drives you is the desire to succeed. You may also be driven by the autonomy of being your own boss and relying on your intelligence and business savvy in order to secure your future. While these are genuine ambitions,...
Preserving wealth after the sale of a business
One of the common pieces of advice that is given to entrepreneurs and small business owners is that it is important to know when to get out of a business. After all, every business owner dreams of retirement; whether it is spending days on the beach in Cozumel, or...
NFL relinquishes tax exempt status
If there is one thing that the National Football League does well, it creates interest. It has been nearly three months since a down has been played in an NFL game, yet headlines about over the league. Last week it was the annual NFL Draft; where fans from every...
Tips for small businesses seeking to avoid tax issues
When it comes to small businesses there are multiple matters that will continually need to be addressed. One of those is paying income taxes to the Internal Revenue Service. The failure to follow the rules regarding the taxes that should be paid could result in an...
IRS looking into meals provided by employers routinely
One of the first things that is often brought up when working at Google is discussed is the free meals it provides its employees. In addition to being a tactic to pull in prospective workers, it also makes it easier for employees to work longer hours since they do not...