Category: Small Business

Introduction Making the shift from a traditional W-2 job to a 1099 independent contractor position

Starting a new business is an exciting venture, but when it comes to tax purposes, selecting the right business structure is crucial.

Contrary to common perception, an inventory purchase is not an immediate expense but rather a strategic move that unfolds its financial implications over time.

Two common options for part-time contractors are forming a Limited Liability Company (LLC) or operating as a Sole Proprietorship.

One crucial aspect of this financial management is determining the sell order for your stocks. We’ll explore the concept of a sell order, why it’s important, and the general framework to consider when deciding which stocks to sell.

The United States is one of the few countries that taxes its citizens on their worldwide income, to prevent double taxation and ease the burden on U.S. citizens earning income abroad, the Foreign Earned Income Exclusion (FEIE) comes into play.

Question: Dear G.CPA, my fiancé and I launched an internet business early this year and