Hobby or For-Profit Activity? The Answer Makes a Big Difference for Tax Purposes
If you are engaged in an activity that produces income, the big tax question is whether the activity is a hobby or a business. The tax treatment of your income…
If you are engaged in an activity that produces income, the big tax question is whether the activity is a hobby or a business. The tax treatment of your income…
One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly female workers with families. While they remain unemployed, these women…
One of the most important things to understand about selling a business is that this is not a decision that should be made lightly.This is true both in terms of…
Alissa has spent the entirety of her professional accounting career serving on the De Boer Baumann & Company team. She joined the firm as an intern in January of 2020…
If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don’t think enough about until it’s far too…
One of the most important things to understand about being a startup entrepreneur is that there is no “one size fits all” approach to what you’re doing. Everyone’s path is…
If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax issues you need to know about. Unfortunately, there are some…
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you money. That is true…
Lisa Freeman joined the De Boer Bauman team as an intern in January 2016 and moved to full-time at the end of that tax season. Before coming to us, Lisa…
Here are five things that happened this past month that affect your small business. 1) There’s a tight labor market nationwide these days, and it’s giving workers more leverage.The economy’s…