Even though the health insurance tax (HIT) has been suspended, what will it mean for taxpayers, and especially entrepreneurs, if it’s finally introduced? The health insurance tax (HIT) is intended as a fee imposed on insurance companies, though its implementation has been delayed by lawmakers since 2015. This year, lawmakers have proposed again suspending it […]
IRS tax scams continue to occur every year, and scammers update their tactics to be more sophisticated. As an entrepreneur, here’s how to steer clear of these frauds One of the most common types of scams out there is related to alleged tax crimes. These scammers take advantage of the fact that taxes are complicated […]
Pay close attention to U.S. tax laws even if you live and run your business overseas One of the perks of being an entrepreneur or self-employed worker is that you can live and work from anywhere, including other countries. However, taxes still need to be filed in the U.S., even if you’re living and working […]
When it comes to cybercrime, nobody is safe. From government agencies to senior citizens, online scams surge around tax time to exploit human and digital vulnerabilities. April is a busy month for law-abiding taxpayers and the individuals who help them file. It’s also the busiest month for criminals out to exploit the personal data and […]
Remote and “gig” work are on the rise, and that means there are new tax considerations for this new sector of the workforce Many workers across the nation are taking advantage of the rising gig economy—whether taking on side jobs to earn extra income, like driving for Uber on the weekends, or freelancing full-time. Some […]
Paper filing. Sloppy record keeping. Missing out on deductions. All these and more could mean you’re throwing money away. Here’s how to make your tax return as financially efficient as possible. There are many ways for a tax return to be filed incorrectly. The IRS offers a list of the 9 most common errors which […]
Even though it began in 2018, the TCJA’s effects are only now in full swing. How will it impact you in the next year? Changes in the Tax Cuts and Jobs Act (TCJA), which first went into effect in 2018, have really only been felt now that we’re well into 2019, and 2018 taxes have […]
Entrepreneurs want to save every cent they can. Here are 5 pieces of advice, whether you’re an established operator or just starting out. Tax-time doesn’t always need to be a big bite out of your bottom line. There are a variety of methods available to entrepreneurs which can represent significant savings, either immediately or over […]
A record number of American business owners are selling up. It pays to know what this means for your next tax return if you’re ready to close a deal. More people than ever are looking to become their own boss in 2019, so if you’re ready to sell your business, you may find no shortage […]
Perhaps your employees would make the best next owners of the business. How do make that happen? “I just work here.” This can sum up the perspective of an average employee who does not own stock or have any real ownership in an organization. There’s no tangible investment. Many individuals go to work to earn […]