This is the third installment in our series on starting your small business, securing funding, and navigating taxes.  All month, we talked about setting up your small business with the right structure. Having that in place is great, but you’ll also need cash to keep your startup rolling. That’s where small business grants come in… Read More

This is the second installment in our series on starting your small business, securing funding, and navigating taxes.  You’re fired up about your new business. And you should be, it’s exciting! But if you want that feeling to last, you must lay a solid foundation. That means choosing the right business structure at the outset.… Read More

This is the first installment in our series on starting your small business, securing funding, and navigating taxes. Starting a business is always exciting, but it also has tax implications. So, the business structure you choose matters. A lot. In this post, you’ll learn how to determine if a sole proprietorship is the best structure… Read More

If you use a Third-Party Service Organization (TPSO) like Venmo, PayPal, or Zelle to send and receive money, there are some changes headed your way. These services are wildly popular. Venmo alone went from 23 million users in 2018 to 70 million in 2021. But TPSOs have created an income tracking problem for the IRS.… Read More

Last week’s final installment on our capital gains tax series explained how you are taxed on income from capital assets. But how exactly does the IRS know you made that extra money? Through a Form 1099. This week we’ll look at what to do if you get a Form 1099 and what to do if… Read More

This is the second and final installment of our blog series explaining capital gains taxes. Last week’s introduction to capital gains taxes provided background on what constitutes a capital gain. It also provided information on what qualifies as a capital asset. This week, let’s concentrate on understanding how capital gains taxes can impact your bottom… Read More

This is the first in a two-part series explaining capital gains. There’s no doubt 2022 was a complete letdown for the average investor. Stocks, crypto, and real estate all took hits last year. The S&P 500 stock index was down nearly 20%, its worst year since the financial meltdown of 2008. Bitcoin, the standard by… Read More

Happy New Year! There’s always a lot to look forward to in January. But there’s a lot to look out for, too, like new tax scams that appear annually. We discussed various text and email tax scams in a November blog post. In it, we said the IRS will never contact you via telephone, email, or… Read More

2022 is in the rearview mirror, and most people are glad to see it go. It was a year of high inflation and low investment returns, the worst in over a decade. It’s difficult to know if 2023 will be better than its predecessor, but one thing is sure. Regardless of what happens next year,… Read More

As we head into the new year, thoughts turn toward end-of-year tax filing. Many people have one thought: “How can I keep more of my hard-earned paycheck?” In earlier posts, we covered tax-saving vehicles for education, like 529 Plans and IRAs for retirement. But there’s another one involving health insurance you may not be familiar with; a Health Savings… Read More