Hobby vs Business Rules for Online Sellers
Do you enjoy hunting for treasures and listing them on eBay. How about sometimes making money from it? Or do you sell some of your crafts on Etsy to pay for your supplies? But are these activities hobbies or businesses? Understanding the difference between a...- All
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Mobile SDK Tax: Explained in Simple Terms
If you’re a mobile software development kit (SDK) developer, you know that building a successful app requires more than just technical expertise. It would help if you also navigated the mobile SDK tax and its legal and financial aspects. As a mobile SDK...What is a Fractional CFO?
Small and medium-sized businesses often face a variety of financial challenges, especially when it comes to managing accounting and finance functions. This is where a fractional CFO can come in handy. A fractional CFO provides part-time financial management services...Controller vs CFO: The Best Choice for Your Business
The Controller and Chief Financial Officer (CFO) are two important positions in managing a business’s financial affairs. Although both positions contribute significantly to a company’s financial success, their responsibilities and decision-making...Entity Selection for Startups: LLC, C-Corp, or S-Corp?
Starting a new business is an exciting and challenging process, but you should never overlook the small details. Entity selection is a crucial part of proper business planning, especially for startups. The entity type you choose will affect your business’s tax,...Book your session now!
How to Claim a Section 179D Deduction 2023
Section 179D of the Internal Revenue Code is a tax incentive program designed to encourage energy efficiency in commercial buildings. The Energy Policy Act of 2005 originally created the program, but the government extended the program several times since it’s...What is the Carried Interest Loophole?
The Carried Interest Loophole is a tax provision that allows certain investment managers and partners to treat their earnings as capital gains, rather than ordinary income, so they pay a lower tax rate. This controversial loophole has sparked debates about fairness in...Tax ID vs EIN: Which One Should You Use for Your Business?
Figuring out the differences between a tax ID and an employer identification number (EIN) are key when it comes to filing taxes. We often hear people referring to them interchangeably, but it is important that you know how each plays a unique role in your business or...Tax Planning Priorities for IoT Startups
Every business needs to plan for taxes, but IoT startups should make tax planning a top priority. IoT business have unique revenue streams and business that can make taxes much more complicated. Fortunately, proper preparation can help you overcome the challenges...Dropshipping vs eCommerce: Tax & Accounting Guide
Ecommerce and dropshipping are two popular ways of selling goods online. While both have similarities, there are also key differences between the two business models that entrepreneurs should be aware of. In this article, we will take a closer look at ecommerce and...A Blueprint for Successful E-Commerce Accounting
E-Commerce businesses are easy to get started, but accounting is a different story. Before you dive into eCommerce, you should have a plan for accounting and bookkeeping. However, E-Commerce accounting has some unique wrinkles that you should consider before you get...Blog Archives
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