Looking to clean up QuickBooks this year? Great! You probably have a lengthy to-do list full of tasks that must be done before December 31. However, there is one task that you should definitely add to that list: year-end QuickBooks cleanup. Following the guidelines provided here will do three things. It will: Ensure that you’ve …
For Business
Crowdfunding Can Have Unexpected Tax Consequences
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 during crowdfunding is taxable depends upon the …
