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Separating business and personal finances

Separating Your Business and Personal Finances

Having separate accounts will protect you and your business.
Separating your business and personal finances makes managing your money much easier, and it prevents any personal risk for legal liability in the future. It can be hard, especially when starting out, …

Tax implications of crowdfunding

Tax Implications for Crowdfunding

Crowdfunding contributions are often thought of as “free money,” but that’s not the case, and failure to comply with tax laws could cause issues with the IRS.
Crowdfunding sites like Kickstarter and Indiegogo have provided an unprecedented avenue for people to …

person using calculator to work on tax write-offs

4 Tax Write-Offs That Could Get You In Legal Trouble

Tax write-offs can be tempting and confusing, but don’t let them land you in legal trouble with the IRS
Every tax season, millions of Americans debate what they can and cannot write off on their taxes. For most people, tax write-offs …

hand with pencil checkig numbers

Protecting Yourself Legally as an Independent Contractor

How to protect yourself from tax fines and legal issues while working as an independent contractor
Working for yourself or as an independent contractor has plenty of perks: flexibility, the freedom to choose your projects, vacation time when you want it, …

Transfer or Close Your Business

How to Transfer or Close Your Business

Whether you’re passing the torch or closing your doors, there’s a right way to walk away from your business
Whether your business is large or small, old or new, at some point every business owner must ask, “what next?” In many …