Tag: Small Business Taxes

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Illustration shows paper that's been stamped with the word "AUDITED" in bold, red letters. Highlighted, handwritten text underneath reads, "What should I do now?"
What to Do If You Get Audited by the IRS: 5 Essential Tips
Navigating a tax audit can seem intimidating, but it doesn’t have to be a stressful ordeal. With t [...]
Image of a happy man in his late 30s with glasses and a short, dark beard. He's wearing a big smile and pumping his fist. Behind him is an LLC certificate of registration with a large "LLC" stamp on top of it. The background shows various cryptocurrencies next to a trading price chart.
Forming an LLC for Cryptocurrency: A Strategic Overview
Forming an LLC for cryptocurrency can enhance privacy and protect your assets. However, there are so [...]
Image depicting a young woman who's selling items on an ecommerce store. An open laptop and several cardboard boxes are sitting on her desk. She's smiling and holding both hands upward in a carefree gesture. Behind her is Form 1099-K, "Payment Card and Third Party Network Transactions."
IRS Delays $600 Threshold for 1099-K Reporting: Understand Your Tax Requirements
The IRS has once again delayed the $600 threshold for Form 1099-K reporting. Our experienced tax att [...]
Image shows a young woman with straight, dark hair and a serious expression making the "time out" symbol with her hands. Behind her are collection notices from the Illinois Department of Revenue. The background shows an image of the Illinois Capitol Building.
How to Stop Illinois Department of Revenue Collections (2024 Update)
Are you struggling with Illinois Department of Revenue collections? Do you have overwhelming Illinoi [...]
Puerto Rico Crypto Tax Haven
Could Puerto Rico Be Your Crypto Tax Haven? (2024 Update)
With 0% capital gains tax and 4% income tax, Puerto Rico can offer serious tax savings. Discover whe [...]
Stylized image representing cryptocurrency accounting. The image shows a calculator next to several Bitcoins.
FASB Unveils First-Ever Crypto Accounting Rules, Signaling Significant Business Changes
New crypto accounting rules from the Financial Accounting Standards Board will provide more financia [...]
Stylized image of IRS Form 8300, "Report of Cash Payments Over $10,000 Received in a Trade or Business." The background shows a U.S. Capitol building with an orange overlay. The foreground depicts Form 8300 with a stack of Bitcoins on top of it.
IRS Delays Reporting of $10K Crypto Transactions on Form 8300
Good news for crypto businesses: A new requirement to file Form 8300 for cryptocurrency payments of [...]
Stylized image representing the Employee Retention Credit (ERC) Voluntary Disclosure Program. The background shows an IRS building and the Voluntary Disclosure form, Form 15434, with an orange overlay. The foreground shows a close up of a handshake with a blue overlay, representing a deal between taxpayers and the IRS.
Small Businesses, Act Now: Limited-Time IRS Relief for Employee Retention Credit Errors
Get tax relief while you can! For a very limited time, the IRS is offering employers relief for repa [...]
Unlocking Secrets to Airbnb Taxes
Airbnb Taxes: Unlocking the Secrets of Host Taxes
From shared use property to Schedule E tax forms, there are many factors to consider regarding Airbn [...]