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Tag: business

How To Create a Business Succession Plan

Posted on January 23, 2023January 30, 2023

There is an unbelievable number of companies across a wide array of industries, which may lead you to believe that the creation of a succession plan must be a unique […]

Posted in Small BusinessTagged business, plans, process, succession, succession plan

Hobby or Business: The IRS Takes a Stand

Posted on January 13, 2023January 20, 2023

From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct losses, but hobbies cannot. The Tax Cuts and Jobs Act kept the itemized deductions […]

Posted in Personal TaxesTagged business, hobby, side gig
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The articles in this blog are published with the understanding that the authors are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use.

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