Are you among the roughly 16 million Americans who are self-employed? Surprisingly, according to a Dartmouth survey, 70.8% of Americans say they would prefer to be self-employed, yet only about 7% are. While there are advantages, particularly in personal freedom and direction, there are daunting challenges working for yourself. The pressure is always on to… Continue reading Tax Write-Offs For Self-Employed: Don’t Forget These!
It’s only been a few weeks of this coronavirus pandemic. But it feels like a decade since it started. Many business owners have been affected by official orders, have seen customers disappear and are fearful of their future. It’s time to start taking action and doing what we can to make it through this. To… Continue reading The ASCEND Small Business Coronavirus Survival Plan
Tax preparation is the best way to minimize your small business taxes. Whether it is done by tax professionals or you do it yourself, you want to organize your documents and update your tax strategy, so that you can take advantage of tax policies designed to save your hard-earned profits. Business Formation and Taxes The… Continue reading How to Minimize Your Small Business Taxes: It’s Time to Prepare
Taxes. Does that kill your buzz? You don’t often hear the word ‘taxes’ in conversations about cannabis and cannabis industries. But it’s important. Just like any other tax, there are tax implications of a marijuana business. But first, let’s look into this idea of running a cannabis business. Types of Business in the Cannabis Industry… Continue reading Know Your Cannabis Taxes
Signs That Your Need a Tax Pro Usually, the biggest sign that it’s time to hire a tax pro is that sinking feeling in your gut. You know that you’re not on top of the tax codes. Maybe you’re not even sure when or what to file, or you’ve got that nagging feeling that you’re… Continue reading Small Business Tax Preparation: Work with a Tax Pro
Maybe not 1099 reasons. But there are good reasons to go the independent contractor route versus hiring employees. Of course, there are also compelling reasons to go the other direction on that. There’s a lot to consider when you make this choice, so let’s dive in. Independent Contractors versus W2 Employees Before we get into… Continue reading 1099 Reasons to Hire Independent Contractors
As if taxes aren’t scary and complicated enough, we now have a brand new tax law to learn. As 2018 comes to a close, there are things you can do to plan for your 2018 taxes and potentially save your business tons of cash and yourself some headaches. Here are 5 tips in preparing for… Continue reading 5 Tips in Preparing For Your 2018 Business Taxes
by William E. Rogers MBA, CFP, EA The capability of artificial intelligence has reached a point that it is no longer a question of if robots will replace people, but a matter of when. Highly automated factory floors, driverless cars, and computerized medical diagnoses all exist today. In the not too distant future it is… Continue reading If Robots Replace People, Should They Be Paying Taxes?
by William E. Rogers MBA, CFP, EA Vacation rentals are nothing new. For centuries travelers have opted to stay in private residences over hotels for a variety of reasons. It’s quite common here in Southern California with the lure of our local beaches and mountains for property owners to rent out their properties on a… Continue reading Can I Claim My Airbnb Rental as a Hotel?
By William E. Rogers MBA, CFP, EA Over the past few weeks, I’ve had numerous clients ask me about how they might be impacted by the border adjustment tax. In fact, so many have expressed concern that they’re already seeking advice on how to avoid being impacted, even though nothing has been enacted into law.… Continue reading A BORDER #$@&% TAX!