In our massively connected professional networks, handing work off to friends and associates is pretty common. But it also triggers some tax issues in the US. When you pay someone to write an article, to be your virtual assistant, to redesign your site, to work with you on a project for your client, basically anytime […]
Checklists for starting your first business
“I just got my first paying side gig! Now what? Am I a business? What do I have to file? How does all this work?” If you are active in the world of social and creative media, you may find yourself with an unexpected offer to accept advertising, do some consulting work, or speak for […]
Income Tax Filing Season Scams
As filing season starts, cyber scammers are trying new tactics to steal personal financial information from taxpayers. One type of e-mail message tells folks that their returns will be audited. The sender purports to be IRS and directs recipients to click on links that give senders access to their computers and their personal data. If […]
Top 3 Year-end Accounting Tasks
Before you let the new year carry you away, take care of three important year-end accounting tasks. 1. Run your year-end reports on paper. There are four important types of reports to document your important business info for the year. Put them on paper to protect against changes in software systems, lost data, or other […]
