Tax - Let's Ledger

Hernan Barona

National General Fund: Where Our Taxes Go In America

We are closing in on tax day. Be sure to send your money to the government so they can…wait where do our taxes go in America? Follow the journey of our hard-earned dollars and see how they are spent.

A girl inspecting the U.S. treasury and the national general fund

National General Fund: Where Our Taxes Go In America

We are closing in on tax day. Be sure to send your money to the government so they can…wait where do our taxes go in America? Follow the journey of our hard-earned dollars and see how they are spent.

A character looking depressed about taxed day and that the schedule C EZ form is due

Schedule C EZ Form Is Not Available

The Schedule C EZ form was the simplest way to file taxes for the smallest business owners. Unfortunately, it is not an option anymore, but ...

A girl sleeping while a stack of money is working for her

Sleep On This Passive Income

The line between whether we are working to live, or living to work gets blurred. Clarity comes in the form of passive income. By diverting ...

A VC investor with money swirling around him and businesses popping up

Venture Capital Investing 101

The allure of venture investing is the gamble. It is high stakes, high reward but this career path isn’t all play. For curious entrepreneurs here ...

An accountant stacking stock units with an 83(b) election form

83(b) Election: Saving Taxes For Startups

All members of rapidly expanding businesses need to read this. Compensation packages for early stage startups come with perks including stock. When you receive equity ...

Accountants figuring out investment taxes

Prepare For Investment Taxes On Capital Gains Income

Tax season is upon us and as every good accountant should, we are here to remind you about investment taxes. It is a wonderful day ...

Partners reconciling their schedule k-1 income

K-1 Income And Calculating Tax Basis

At the start of the year, business owners are issued Schedule K-1 income earned from a partnership or S Corporation. In this guide, we will ...

Accountants choosing forms for home sharing taxes on towel swans

Home Sharing Taxes: Schedule E vs Schedule C

Home sharing is a lucrative sport in real-estate, but it could bring sticker shock on tax day. Whether you are passively earning home share income ...

Filling Out A Schedule C For Shopify Store Taxes

By filing your Shopify store taxes properly you could reduce your tax liability every year. Here we show you how fill out your Shopify Schedule ...

Estimated Taxes For The Savvy Taxpayer

As a busy entrepreneur leading your company, your hard work is rewarded with a nice paycheck. Since your income is self-made it isn’t subjected to ...

Accountants jumping around the blockchain paying crypto tax

Cryptocurrency Tax: Capital Gains And Ordinary Income

The IRS is cracking down on cryptocurrency tax reporting. If you are an individual or business you need to be aware of the tax implications ...

Taxes For Foreign Sellers On Amazon

So you sell on Amazon and want to expand to the U.S. market, but are sweating bullets about taxes. This will be a walk-thru of ...

how to fill out schedule c for the amazon seller

How To Fill Out A Schedule C For The Amazon Seller

Your eCommerce business is hectic enough, now throw Amazon seller taxes into the mix. All those nuance fees and refunds, where to put them on ...

character taking an owner draw out of a business piggy bank

All About The Owners Draw And Distributions

For this article, we will be focusing on owner investment drawings. An owners draw can be used for a number of reasons—the main benefit is ...

A character throwing use tax vs sales tax out the back of a truck at the state line

Use It And Lose It: Use Tax Vs Sales Tax

Sales tax isn’t on the receipt—that doesn’t mean you won’t owe tax! Use tax is a sneaky transaction tax that many business owners don’t see ...

The Self Employment Tax Treatment

Being self-employed means you carry the business on your back. The self-employment tax rate sucks the fun right out of being your own boss. But ...

Reasonable Compensation In The Corporate World

The very nature of C Corp and S Corp business entities is to gross high profits. Placing their finances under the watchful eye of Federal ...

Employees running a cash roll machine and following payroll compliance

The Employers Payroll Compliance Handbook

Paying employees in a small business isn’t as easy as cutting a check. Payroll compliance is the meticulous art of following state and federal wage ...