Know what’s in it for you? The Tax Cuts and Jobs Act (H.R.1) was signed by President Trump on December 22, 2017. The most sweeping changes to the U.S. tax code in decades impact virtually every taxpayer. This historic bill calls for lowering the individual and corporate tax rates, repealing…
With the advent of the Sharing Economy, many taxpayers have found a new stream of income with what is also known as the “on-demand,” “gig,” or “access economy.” Websites or online platforms such as Airbnb, Uber, and Lyft are just a few examples of this new income source. Small business…
Starting a small business and being self-employed can give individuals an opportunity to build wealth and a great way to save on taxes. However, this opportunity also comes with great responsibility; such as ensuring total compliance with the tax rules and regulations surrounding self employment. Self-employed individuals normally earn income…