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Los Angeles, CA 90064
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- Using Home Equity for Business Needs
- Small business owners frequently find it difficult to obtain financing for their businesses without pledging their personal assets. With home mortgage interest rates at historic lows, tapping into your home equity is a tempting alternative but one with tax ramifications that should be carefully considered.
- Naming Your IRA Beneficiary — More Complicated Than You Might Expect
- The decision concerning whom you wish to designate as the beneficiary of your traditional IRA is critically important. This decision affects:
- QUICKBOOKS TIP: Receiving Customer Payments
- It’s one of your more pleasant tasks as a QuickBooks user: receiving payments from customers. Here’s how it works.
- Deducting Convention Expenses
- Generally, an individual can deduct travel expenses from attending conventions, seminars or similar types of meetings within the North American area, provided that attendance benefits the taxpayer’s trade or business. However, family members’ travel expenses are not deductible, and neither are expenses from attending investment, political, social or other types of meetings not related to the taxpayer’s trade or business.
- Tax Implications of Crowdfunding
- Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees ranging from 5 to 9%, including GoFundMe, Kickstarter, and Indiegogo. Each site specifies its own charges, limitations, and withdrawal processes. Whether the money raised is taxable depends upon the purpose of the fundraising campaign.
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