Understanding the nuances of different employment structures is crucial for success. For small business owners in the United States, one such model that warrants exploration is Corp To Corp (C2C) engagement.

Once you understand how audits work, they become more uncomfortable than scary. We’ll cover that first, then move on to ways you can avoid an audit—and how to make the process easier. What is an audit? When the IRS audits your business, it audits the books as a whole. This means reviewing your financial statements… Continue reading What is an IRS Audit and How to prevent one.

For small business owners in the United States, understanding tax obligations is crucial to maintaining financial health and compliance with the law. However, circumstances may arise that lead business owners to question how long they can go without filing taxes.  In this blog post, we’ll explore the relevant information, guidelines, and potential consequences of delaying… Continue reading How to extend the filing deadline(2024)?

Schedule K-1 is IRS Form 1065, U.S. Return of partnership income, schedule. Partners in a business partnership report their share of the partnership’s profits, losses, deductions, and credits to the IRS. You complete a Schedule K-1 as part of your partnership tax return, Form 1065, which reports all of your partnership’s net income. Partnerships are… Continue reading Everything you need to know about Schedule K-1 Tax Form

In the vast landscape of digital influence and content creation, success often comes with a myriad of financial responsibilities. As influencers and content creators continue to carve their niches in the online realm, understanding the nuances of tax write-offs becomes essential for optimizing financial gains and maintaining a sustainable business model.  In this blog, we’ll… Continue reading Tax Write-offs for Influencers & Content Creators 2024

Navigating the world of taxes as an independent contractor can be a daunting task, but it’s a crucial aspect of managing your business affairs. In this comprehensive Independent Contractor’s Guide to Taxes for 2024, we’ll demystify the intricate landscape of taxes for independent contractors. Whether you’re a freelance writer, a self-employed consultant, or a gig… Continue reading Independent Contractor’s guide to Tax season 2024

In general, the accounting for cryptocurrencies in a business’s financial statements will depend on how the business is using the cryptocurrencies. If the business is holding cryptocurrencies as an investment, they would be accounted for similar to other investments, such as stocks or bonds. The initial purchase price would be recorded as the cost of… Continue reading How to Value Crypto in Your Books

As a startup, it’s important to have an expense policy in place from the get-go. An expense policy will help you keep track of spending and ensure that your money is being spent in a way that aligns with your company’s goals. Creating an expense policy may seem daunting, but it doesn’t have to be.… Continue reading How to Create an Expense Policy for Web3 Startups

Re-published with permission from TechCrunch The crypto bear market shows no signs of letting up, and it has already taken its pound of flesh from more than a few emerging web3 and crypto projects, not counting the ones it has killed altogether. With no clear indication of a meaningful rebound on the horizon just yet,… Continue reading How to Communicate With Your Crypto Community When Things Aren’t Going Well