Cryptocurrency Tax Liability and Filings

Cryptocurrency Tax Liability and Filings

Cryptocurrency isn’t new. For years now, we’ve seen more and more clients needing help determining their tax liability on the sale and exchange of crypto. Like stocks, bonds, gold and silver, the IRS considers crypto property and treats it as such....
Independent Contractor Tax Liabilities

Independent Contractor Tax Liabilities

Working for yourself has its perks. Unlike a standard employee workplace structure, you set the rules, decide your work hours and determine which jobs to take. Some aspects make individual work difficult unless you know where to turn.  Unlike working for an employer,...
Side Hustle Tax Considerations in the Gig Economy

Side Hustle Tax Considerations in the Gig Economy

Track Records Having a side hustle is nothing new. People have worked multiple jobs for years to either help pay bills, save extra money, or learn a new skill. COVID-19 expanded upon the gig economy as it presented opportunities for people to pick up extra remote work...
Small Business Employee Retention Tax Credit Qualification – ERTC

Small Business Employee Retention Tax Credit Qualification – ERTC

Tax season is confusing, especially for business owners who continue to understand tax deductions for which they are eligible. The Employee Retention Tax Credit, or ERTC for short, was a policy created to aid business owners in their retention of employees during the...
Tax Considerations for Multi-Level Marketing

Tax Considerations for Multi-Level Marketing

Nowadays, multi-level marketing companies are everywhere. Whether MLM is your side hustle or a full-time gig, understanding the tax implications and deduction possibilities is critical to avoid tax audits, penalties and fines. Defining Multi-level Marketing –...