13 Answers on the New 2024 CTARequired BOI Reporting to FinCEN To get my complete, FREE articlewith all the details… Are you ready for the groundbreaking changes brought by the Corporate Transparency Act (CTA) effective from January 1, 2024? This is not just another legal update – it's a crucial shift in the financial landscape for certain defined small businesses … [Read more...]
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Deducting Start-Up Expenses for a Rental Property
“Deducting Start-Up Expensesfor a Rental Property” To get my complete, FREE articlewith all the details… Thinking of buying a rental property to start a new rental business? Well, before you collect any rent, you’ll probably have to shell out a lot of money up front. But the good news is, some expenses that you’d otherwise think of as non-deductible are start-up … [Read more...]
Is Crowdfunding Taxable?
“Is Crowdfunding Taxable?” To get my complete articlewith all the details... Want to give away your money? Crowdfunding makes it easy. Web sites like GoFundMe, Kickstarter, and hundreds of others let members of the public and businesses support all kinds of causes by giving away small or large amounts of money. Check out this surprising fact. The amount of … [Read more...]
Case Study: Employee Retention Credit for the Start-Up Business
To get my complete, FREE articlewith all the details… Did you start a new business after February 15, 2020? If yes, then you may be eligible for a hefty “employee retention credit” (ERC). And what an ERC! The credit is worth up to $100,000 for the third and fourth calendar quarters of 2021! A case study: How Henry and Heide came out winners.And how you can come … [Read more...]
Starting a New Business? Get Up to $100,000 in Tax-Free Money!
“Starting a New Business?Get Up to $100,000 in Tax-Free Money! To get our complete, FREE articlewith all the details… Who says there’s no such thing as a free lunch? Thanks to the recently enacted American Rescue Plan Act of 2021, if you qualify, you can get up to a (tax-free!) $100,000 of Employee Retention Credit (ERC). IMPORTANT: The ERC was designed to help … [Read more...]