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Natural disasters are unpredictable and can bring devastating impacts to businesses. However, having a sound financial plan in place can make all the difference in recovery, reducing long-term disruptions and
One of the biggest tax-related questions for business owners is whether the IRS will classify an activity as a business or a hobby. The answer has major tax implications: If
As a business owner, understanding the tax implications of all sources of income is essential for proper financial planning. One often overlooked area involves gambling winnings and losses, which can
As a business owner, it’s crucial to stay informed about the latest tax reporting requirements, especially with changes that can impact how you report income. One key document you might
As a business owner, understanding the IRS audit triggers is essential for staying on the right side of tax compliance and avoiding potential issues. Many taxpayers, including business owners, inadvertently
In the world of cybercrime, accounting, and law enforcement, one man is bridging these worlds to combat financial crimes that harm individuals and threaten national security. Jarod Koopman, a black-belt
When running a business, it’s essential to stay on top of tax obligations. The recent guilty plea of the leader of Yoga to the People for tax evasion is a
When it comes to running a successful business, especially one that involves manufacturing, production, or retail, inventory and the Cost of Goods Sold (COGS) play a critical role in determining
Running a business as a partnership offers numerous advantages, but it also comes with its own set of responsibilities and tax considerations. Whether you’re new to partnerships or a seasoned
As a business owner, there may come a time when you’re asked to serve as the personal representative (PR) of an estate, either for a loved one, a colleague, or
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