Some gamers may be increasing their screen time and raking in the virtual dough as the lazy days of summer commence. What does virtual currency mean for tax purposes? The IRS released a statement earlier this year informing gamers who … Continue reading
Is Fortnite and Other Video Game Currencies Taxable?
Can I Claim a Home Office Deduction During COVID?
Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces this year due to COVID-19. This new swell of people working remotely has sparked questions regarding home office expenses and whether they qualify for … Continue reading
10 Ways to Improve Your Cash Flow
Cash flow is king. It is the lifeblood of any business. Often referred to as “working capital,” cash flow is the movement of money going in and out of your business and provides a lens into the health of your … Continue reading
When is My Capital Gains Rate 0%?
With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains is no exception. There are quite a few planning strategies you can do to realize tax-free earnings on profits from capital assets. When you … Continue reading
If you want to teach your child the value of a dollar this summer, take a look at some interesting tips on how they can leverage their summer job salaries. At seventeen years old, one rarely thinks about retirement savings. … Continue reading
The Internal Revenue Service has been distributing Economic Impact Payments to taxpayers across the nation since April. If you’re still waiting, you may be getting a Visa debit card instead of a check in the mail. Over the past few … Continue reading
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