Personal tax day has come and gone (May 17th). Depending on the structure of your business and financial circumstances, your company’s tax situation may vary. But every year, the obligation is due. Paying taxes isn’t fun for anyone, but limit the stress by preparing for next year, starting now. A little preparation helps [...]
Long gone are the days when crypto was considered a fringe interest. Today, crypto has become a legitimate investment asset that is steadily finding its way into more and more portfolios. There’s a good reason for that. Because, even though highly volatile, crypto outperforms most other assets available. In short, it could be a [...]
Startup tax mistakes waste time and cost money. Plus, taxes are a complex topic that many, outside of industry professionals and tax specialists, struggle to understand. As a result, many startup founders choose to ignore taxes altogether, not wanting to slow down or spend valuable resources on it. They assume their energy would be [...]
Filing tax returns is a very important aspect of running a business, startup or not. For most startups, the act of filing taxes is either sidelined due to operational pressures or management is stuck without an idea of how to go about filing. These days, just about everything is taxable. As a result, it [...]
What crypto tax risks do you need to be thinking about? It is no secret that blockchain is among some of the most exciting emergent technologies of the twenty-first century. In the last few years, cryptocurrency has grown in popularity with several top financial minds endorsing investments in it. Despite becoming so popular, one [...]
Ethereum just completed its long awaited update. Code named Serenity, Ethereum 2.0 is a total overhaul of the world’s second largest blockchain. Along with significant speed and scalability improvements, the underlying transaction processing algorithm now operates in a completely different way. While all these upgrades certainly are exciting, the changes have some important tax implications. [...]
Can you defer taxes with an NSO election? The IRS introduced Code Section 83(i) as a part of the Tax Cuts and Jobs Act 2017. Based on this code, the staff of private companies that receive NSOs (non-statutory stock options) or RSUs (restricted stock units) can elect to defer on Federal Income Tax. This [...]
Blockchain is one of today’s most exciting emerging technologies. The trustless algorithms that it enables have the potential to change many aspects of the way we live. In fact, Bitcoin and other emerging cryptocurrencies have already begun to radically transform the financial industry. However, with so much excitement happening in the space, particularly in the [...]
Who doesn’t like the idea of free money? Cryptocurrency airdrops promise exactly that. In some cases, these giveaways can sometimes even involve large amounts of funds. There is, of course, a catch: airdrop income can have a significant impact at tax time. Keep reading to learn more. What is an airdrop? An airdrop is essentially [...]
There are a vast number of resources available surrounding a “startup budget.” Many of these articles and guides are fantastic. (There are even several beneficial articles for creating a budget on this blog.) But the best budgets are only pieces of paper — if you don’t use them to better run [...]
