There often is a fine line between having a hobby that makes a little money and a business that shows little profit. While it likely doesn’t make much difference to you whether you are pursuing an activity as a hobby or business, it can significantly impact your federal income tax bill.
It was not the centerpiece of his campaign, but President Joe Biden took office in January touting a tax plan... View Article
The festive month of December not only marks the season of family gatherings, for entrepreneurs and self-employed professionals all over... View Article
The construction industry has proven to be quite erratic, consistently riding the many waves of the economy. According to a... View Article
My business clients often ask me whether they would see a tax benefit if they converted their business to an... View Article
Many individuals who settle a lawsuit do not stop to consider that they may need to set aside part of their settlement to pay the federal tax that may be due on it.