Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What can we, as a virtual CFO, do for your small business? Here is everything you [...]
“There’s no shortage of remarkable ideas–what’s missing is the will to execute them.” Seth Godin had a good point when he said this. However, even if you have the ideas and the will, that does not necessarily tell you how to execute them! Fortunately, we have a list of the 10 tools you need to run your business [...]
Military service members take many sacrifices and have special obligations in order to serve their country; naturally, their taxes are affected. There are a number of special tax breaks they are entitled to and this post will be to inform our service members of what exactly they entail. Residence or Domicile: Because there are times [...]
The Republican members of Congress just released a proposal for their vision on tax reform. This is an issue we’ve been hearing about since Trump’s campaign, and many of us may be wondering what it means this time around. Some issues have been addressed with more specificity than before, but some issues are still lacking [...]
What better way to start a marriage than a great conversation about taxes and finances? Right, not really, but it is extremely important to make sure you don’t miss these important check points in the process of truly “becoming one” …financially. 1. Ladies, did you steal his last name? Looks like you need to make [...]
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both [...]
Many people dream of starting a small business. This is a dream that can become a reality, or—as happens to about 33% of prospective business owners, according to the Small Business Administration – it can result in dismal failure within two years. There’s no magic-bullet solution to ensure a successful business, but if you don’t [...]
If you've ever wondered why your small business pays so much in taxes, maybe it's because you need to hire a tax professional to help you avoid common mistakes. There are a number of mistakes businesses routinely make that cost them big money when paying taxes, such as not choosing the right entity type for [...]
Tax season is coming to a close in the next few weeks or so. While many people have already completed their returns, there are others who are waiting until the last minute to get things done. Either they don't feel like filling out their taxes, or they're way too busy to get things done. Either [...]
Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees ranging from 5 to 9%, including GoFundMe, Kickstarter, and Indiegogo. Each site specifies its own charges, limitations, and withdrawal processes. Whether the money raised is taxable depends upon the purpose of [...]
