Normally, when companies sell properties, they must pay taxes on any gain they receive. Like-kind exchanges, transactions in which companies...
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Is Your Income Considered to be from a Business or Hobby?
Did you know that the IRS doesn’t always let you treat your “business” as a business? They might consider it just a “hobby”! Put simply, a...
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5 reasons you need accurate up-to-date accounting records
It could make or break your business. Accurate and up-to-date accounting records are the backbone of any successful business: Here are just 5...
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Are Your Workers Employees or Independent Contractors?
There are three basic rules that the IRS uses to determine which category the people that are doing work for you fall into. Behavioral Control...
READ MORELending Money to Family Could Taxing
Lending money to family members probably dates back to the invention of money. Tax problems can arise when you first lend money, as you’re...
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