by Chris Dios | Jul 2, 2021 | Business and Finance
Most businesses own some form of property. Inevitably, many businesses sell their property at some point. When they realize a gain on sale, the IRS wants its cut of the income. Accordingly, businesses need to report gains on the sale of business property when they...
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by Chris Dios | May 14, 2021 | Business and Finance
Lawyers cost money – sometimes a lot of it. This reality poses a problem for many people who need to file a lawsuit. That is, do massive attorney fees justify the money you may recover in a civil lawsuit? And, what if you lose the lawsuit? You still owe the...
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by Christian Linscott | Jan 19, 2021 | Business and Finance
In an effort to combat the ongoing economic turmoil brought on by a pandemic that shows no signs of slowing, legislators passed the second stimulus package in late December of 2020. The second stimulus package includes the additional $300 per week in expanded...
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by Christian Linscott | Dec 11, 2020 | Business and Finance, Business Tax
The economic ramifications of the COVID-19 pandemic have been turbulent at best. As the pandemic drags on with no signs of slowing, many businesses have had to seek out assistance from the Small Business Administration to stay afloat. As a response to the COVID...
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by Christian Linscott | Nov 2, 2020 | Business and Finance, Business Tax, eCommerce
You are probably familiar with the term sales tax. After all, most states impose a sales tax on the goods consumers purchase every day. Use tax is a little less known, but it’s still important to understand, especially if you sell goods online. eCommerce...
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by Christian Linscott | Jun 16, 2020 | Accounting, Business and Finance, Business Tax
The assets that are a part of your business have a significant impact on your taxes. Depending on whether the type of asset is ‘tangible’ or ‘intangible’ , there are different ways to account for the “use” of your assets, often referred to as amortization and...
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