So if you’re raising capital for your business, depending on the procedure you’re following, the SEC requires you to treat potential investors in certain ways. Sometimes you can avoid looking for Accredited Investors.
Many of us immediately think of our personal or family situation when we prepare for a disaster, but not the for emergency preparedness needed for our business. These same disasters affect business owners and can create even greater hurdles for entrepreneurial families to get back on their feet.
Tax laws have changed even for RV owners. However, you can still potentially save state income taxes by changing your domicile, writing off the RV as a business expense, or even save money by cutting the cost of traditional home ownership.
The IRS consistently warns taxpayers to not get caught paying ‘employees’ as ‘sub-contractors’. But believe it or not, the IRS, may be the least of your worries. There are 7 deadly results that could occur by trying to call an ‘employee’ a sub-contractor when it’s truly not the case.
As a fellow parent with college age children, I certainly understand the pressure and stress college expenses can put on a family. I strongly encourage you to study the options above and see if they could possibly work in your situation.
There are several HOT deductions that many taxpayers don’t consider and just ‘leave money on the table’. Here are 6 under utilized write-offs that in my opinion should be a healthy line item on any legitimate small business tax return:
Things have changed in 2018 when it comes to writing off meals and food expenses in your small business. Entrepreneurs, have to reevaluate their budget for the food and dining.
The U.S. tax rules that apply to ownership and dispositions of U.S. real estate by foreign persons are different in some important respects from the rules that apply to U.S. persons. Also, property managers are under special rules when managing property for foreign owners, and sellers to foreign investors can be classified as withholding agents (which have important obligations and liabilities associated with the classification).
There will most likely be a mix of travel, auto, meals, supplies, registration fees, or even marketing expenses. Thus, it’s important you track your expenses in a detailed manner and understand their differences.
Entertainment expense and related meals are non-deductible. It truly is a major blow to small and big business, and the cost of doing business just went up.