Navigating the financial landscape of marriage and divorce involves understanding the various tax implications. Both life events significantly alter how individuals file and manage their taxes. This blog explores key tax considerations for couples who are planning to...
Tax Planning
New laws may lead to tax fees for items sold online
While it might not be uncommon for those who constantly sell items online to encounter tax concerns, this didn’t always apply to those who sold a single item for a quick profit. However, recent changes to tax laws have changed the way online vendors report sales and...
How are small businesses defined?
Since the Small Business Administration (SBA) was created by Congress in 1953, determining how small a business should be counted as a small business has been a contentious question. Federal agencies argue that a 500-employee cutoff makes sense. That’s the number...
Forming a micro-captive insurance company
Promoters who suggest using a micro-captive insurance company come from many professions: financial advisors, attorneys, accountants, actuaries, captive managers and others. One thing they have in common with promoters in many fields is the majority are honest,...