Most bets are made casually and in an informal mood between friends and family, mainly paid in cash. This extra income could be useful for a snack, some extra clothes or paying bills. Does that exempt them from being taxable? What if it isn’t that much money? Lets dive into it on this month’s blog.
Congratulations on starting the journey of starting a business. One of the first steps to formalize your venture is registering with the IRS as a business entity.
The Internal Revenue Service offers many schemes or categories under which you can register a business depending on their structure. There are differences on the legal and tax rights and obligations.
Find out the key features that identify each one of the business structures.
During this year tax season fulfilling your tax return paperwork could turn into a headache and a stressful time, so you could easily search for hacks and advice from others experience on the internet.
This seek of help may cause some advice without basis become viral and start a spread of myths and misinformation that no regulator institution has confirmed. Keep reading to know more about the 4 taxes myths that became viral this 2023.
The IRS is providing tax relief to storm victims who live or have a business in the disaster area now have until May 15, 2023, to file various federal individual and business tax returns and to make tax payments.
The disaster área designated by the federal government includes the following counties: Colusa, El Dorado, Glenn, Humboldt,Los Angeles, Marin, Mariposa, Mendocino, Merced, Monterey, Napa, Orange, Placer, Riverside,Sacramento, San Bernardino, San Diego, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara,Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Ventura, Yolo, and Yuba. Read more
The Construction Industry is poised to continue in growth opportunity as it recovers from the dip in demand during the height of the pandemic. This could be a great time for a business formation, but first one must consider what is the right entity type for your needs. Read more