Selling a business asset may feel like a win, but have you considered the tax implications? In this article, we break down the nuts and bolts of depreciation recapture and […]
Accounting for Influencers: Explained by Experts
The influencer market is booming, turning content creators into entrepreneurs running profitable businesses. But this financial growth means you need good accounting practices. The IRS is watching influencers closely, and […]
Vacation Rental Bookkeeping: Top 6 Tips
Running a vacation rental can be exciting and financially rewarding. Managing the financial aspect of your business is essential, and there is more to do beyond counting the money flowing […]
Student Loan Tax Tips: A Complete Guide
Though student loan forgiveness has been in the news a lot lately, most borrowers are still shouldering significant debt. Though higher education can be a costly investment, there are some […]
Why Your Business Needs a Business Bank Account
Running a successful business involves complex decision-making, precise planning, and meticulous execution. One of the crucial first steps towards launching a successful business venture is setting up a dedicated business […]
Digital Nomad Taxes Survival Guide
Digital nomads have taken the idea of remote work to the extreme. While some may have home bases, some digital nomads have decided to travel the world and have jobs […]
Secure Act 2.0 Brings Big Changes for IRAs in 2024
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in 2019. It changed many rules around retirement savings. In 2022, a second version, the Secure Act 2.0, […]
How Does New IRS Funding Affect the Sharing Economy?
Although people have been sharing since the beginning of time, the sharing economy is still in its infancy. With ever-changing regulations and tax laws, it can take a lot of […]
High Rates and Mortgage Interest Deduction Limits 2023
If you’re thinking about wading into homeownership or are considering refinancing this year, it’s important to know how the mortgage interest deduction will affect you. The IRS limits the amount […]
Short-Term Rental Market: 2023 Airbnb Outlook
The past few years have been a bit of a wild ride for the short-term rental market. In the earliest days of COVID, the demand for travel dried up quickly. […]