Those who invested in cryptocurrency early on have seen an impressive return on their investment. Just this month investors have seen the value of bitcoin exceed $38,195 US. According to buybitcoinworldwide.com, the first recorded exchange of bitcoin for currency took...
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How To Properly Structure Your eCommerce Business for Tax Purposes
How To Properly Structure Your eCommerce Business for Tax Purposes Especially in the past few years, eCommerce has seen phenomenal growth. Just in 2021, according to the US Department of Commerce, consumers spent more than $871 billion online with U.S. merchants....
4 Hacks For Reducing Taxable Income
As tax documents begin to arrive in the mail and you begin preparing to file your income tax return, you may be worried about how much taxable income you actually earned for the previous year, and if you took advantage of all available deductions to reduce that final amount and maximum your refund.
The New New York Tax Bracket Break-Down’s & What They Mean To You
If you live or work in the state of New York, you should at least be aware that new tax bracket break-downs have been implemented. But are you fully aware of what those new tax bracket break-downs mean for you? Here is a basic review of the new tax brackets and how...
Tax Myth Busters: A Large Tax Refund Is A Cause For Celebration
The number one reason to avoid receiving a large tax return is that your money could be working for you and your family during the year rather than providing interest-free funds for the government.
Tax Tips for Small Business Owners
Most small business owners hire an accountant or other tax specialists, like Melanin Tax Solutions, to help take care of filing their taxes. This is a smart business investment since tax laws can be confusing and any misstep can end up costing the owner more money....