Everything You Need to Know About Section 174 Deductions
Section 174 of the Internal Revenue Service code deals with deductions and tax treatment of research & development expenses. This section of the tax code recent underwent several major changes that resulted in less favorable treatment of R&D expenses. Today,...- All
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Digital Services Tax Guide for US Businesses [DST]
As digital transformation reshapes the global economy, governments worldwide are rethinking their tax laws to better align with these changes. Among the most significant shifts is the implementation of digital services taxes (DST) that primarily affect U.S.-based...Will I Get an Amazon 1099-K Form?
Before 2023, sellers listing items on Amazon would only receive a 1099-K once their sales reached $20,000 or 200 transactions. Because of the size of this figure, very few small sellers received 1099-Ks from the platform. Starting in 2023, the IRS lowered the...Is the Rule of 40 Still Relevant for Software Firms?
The software sector has many exciting prospects for investors. However, what’s the best way to determine if a company is a good investment? The Rule of 40 is one of the most widely used metrics for evaluating software companies. However, the Rule’s...Officer Compensation for S-Corps: IRS Compliance Guide
S-corporations are a popular business structure for small businesses. They provided many benefits to their owners, including pass-through taxation and liability protection. Though S-corp owners have benefited from the low rate of audits in recent years, the IRS is...Book your session now!
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...Blog Archives
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