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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.
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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.
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 the IRS did make some changes to simplify reporting on Schedule C.
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 earnings to profitable channels that don’t require much effort, you can sleep easy knowing your money is working for you.
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 is your venture capital investing 101.
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 in exchange for work, you must act quickly and file an 83(b) election, to shelter you from high taxes on your vested shares.
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 when your investment delivers a high reward, but remember any profit you make is subject to tax. Here is a review of a variety of investment tax treatments for individuals and businesses.
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 navigate you through how to figure out your K-1 basis for tax reporting.
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 or are a property slinger on sites like Airbnb or VRBO, this is everything to know about filing home sharing taxes.
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 C, calculate COGS, make deductions, and apply tax strategies that have the potential to cut your tax bill by 10-15%.
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 withholdings. So when your income meets certain conditions you need to be paying estimated taxes.
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 of your investments. Here is your guide to filing Form 8949 for cryptocurrency gains tax, crypto payroll tax, and ordinary income tax.
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 setup your store and pay U.S. taxes, for all non-resident foreign sellers on Amazon.
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 a Schedule C for the Amazon seller? If you are filing a Schedule C here is your explainer.
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 they are tax-free at distribution. Here is what you should know about paying, reporting, and filing this event.
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 coming. This is your guide to understanding use tax vs sales tax.
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 it isn’t so bleak when you know how to treat SE earnings so you save on taxes.
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 and local tax agencies. Especially executive officer salaries which must follow reasonable compensation rules with care.
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 regulations. This is your handbook for payroll policies and procedures if you are paying an employee for the first time.
What Is An S Election And Should My Business Get It?
Many small businesses hear of S Corp Election but not many put pen to paper and take action. Why? Registration can seem complex, especially for LLC’s with a variety of members. Restructuring is a lofty goal amidst the daily grind. So we are here to make the process painless with this S election guide.
Pros and Cons of Different Business Structures: Sole Proprietor, Partnership, LLC, C Corp and S Corp
A company just starting out, needs to legally define itself. It is one of the first major decisions to make. This decision will affect company taxes, liability, ownership structuring and payments.
The Nexus Study: Mastering Sales Tax Nexus for Small Businesses
In 2018, a landmark tax decision was reached. South Dakota vs Wayfair set the tone for state sales tax law in the United States. Word got out to the states, there was a slice of ecommerce pie to be had.
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