The Most Pressing Airbnb Tax Questions

Short term rental platforms like Airbnb and VBRO have increased in popularity over the last several years. What once started out as a part-time income for some, has been scaled to quite a profitable enterprise for others. Regardless of if you are a part-time or full time, you probably have some Airbnb tax questions. Taxes […]

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Best Retirement Plans for Small Businesses

Traditional employees aren’t the only ones who can access tax-advantaged retirement accounts. In fact, freelancers and contractors have even more options for retirement savings. Two of the best retirement plans for small businesses include simplified employee pension (SEP) IRAs and traditional IRAs. However, there are a few key differences between these programs. Here’s what you […]

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Are Credit Card Rewards Taxable?

Many lenders offer credit card rewards as an incentive to attract customers. These bonus goodies come in the form of cash, account credits, airline “miles”, and much more. Previously, only the most exclusive credit cards offered rewards, but now almost every major card offers some form of bonus program. Getting rewarded for spending is a […]

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How to Access Coronavirus Relief Loans

The coronavirus outbreak brought the U.S. economy to a grinding halt, and the resultant economic fallout devastated the small business community. However, the government recently approved billions in funding to support small businesses, so there are tons of resources available for qualified businesses. The government wants to give you this money, but you need to […]

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What is a 1099 and why does it matter?

Our clients constantly ask about the 1099 tax form and how it applies to sharing-economy workers, independent contractors, and freelancers.  To clear the air, we wanted to put a fully encompassing blog post together to cover this. If you’re asking yourself, “what is a 1099 form anyway?”; you’re in the right place. You’ll find everything […]

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