Is Your Side Business a Hobby or is it a Business?
For generations, people have had part-time businesses, and in today’s so-called gig economy, it’s even more common. But is your part-time business really a business, or is it a hobby?…
Read more
Impact of the New Internet Sales Tax Law on Florida Businesses
On June 21, 2018, the U.S. Supreme Court changed the sales tax landscape with its decision in South Dakota v. Wayfair. Prior to this decision, states were not allowed to…
What Can You Deduct on a Home Office?
As the gig economy grows and remote work become a bigger part of the US economy, more people are working from a home office. Deducting expenses for a home office…
Is that the IRS Calling, or is it a Scam?
Most of us have heard stories about innocent people receiving scam calls from someone posing as an IRS agent threatening immediate legal action and arrest if they don’t immediately make…
Child Tax Deductions for Divorced Parents
Taxes after divorce can be confusing, especially when children are involved, and when the parents disagree about who gets to claim a child on their tax return. According to the…
Businesses Should Now Use Accountable Plan to Reimburse Employees
The Tax Cuts and Jobs Act took away a tax-saving deduction for employees who have out-of-pocket expenses for their jobs. Under the old law, many employees got a tax break…