Hobby or Business? It Makes a Difference for Taxes
You make money from your YouTube videos, but are you a business for profit or is this just a hobby? It matters to the IRS. We explain in this week’s Business Tip.
The IRS Has Become More Liberal With College Expenses
The IRS has expanded what falls under “qualified higher education expenses” for 529 Plans. Read all about it in this week’s Tax Tip.
Elusive Employee Business Expense Tax Deduction
Self-employed individuals benefit by deducting their business expenses directly on their business schedule. Read more in this week’s Business Tip.
In the News: Profitable Businesses have an Opportunity to Optimize Tax Situation for 2017
In today’s Marietta Daily Journal: Per Bil Lako, CFP®, small businesses can make moves to minimize their tax situation for 2017.
Are You Ignoring the Household Employee Payroll Rules?
If you hire a domestic worker to provide services in your home, you may have a tax liability that you don’t know about. Read all about it in this week’s Tax Tip.
Profitable Businesses Have an Opportunity to Optimize Taxes for 2017
Tax Manager Dan DiLuzio, C.P.A., joins Research Analysts Nick Antonucci, CVA, and Jacob Keen to discuss some advice for a small business that is well ahead of its mid-year projections. He suggests some purchases and growth techniques that may be able to save the business tax dollars.
How An Accounting Pro Can Help Your Small Business Boom
An accounting professional who can leverage their years of experience to your company’s advantage is a good idea. Learn more in this week’s Business Tip.
Future of the Federal Estate Tax
If tax reform occurs, it may very well include repeal of the federal estate tax and more. Read all about it in this week’s Tax Tip.
Thinking of Tapping Your Retirement Savings? Read This First
Before making any early withdrawals from an IRA or other retirement plan, carefully consider the consequences. Read more in this week’s Tax Tip.
Who Controls the Funds in a Section 529 Plan?
A 529 Plan can reach a hefty balance, but who controls the money? It depends. Read all about it in this week’s Financial Tip.