Tax

One of the most misunderstood accounting concepts in the e-commerce and reselling space involves how to deduct your inventory costs… One of the most misunderstood accounting concepts in the e-commerce and reselling space involves how to deduct your inventory costs. Small businesses that sell on a digital platform such as eBay, Esty, Shopify, etc. must […]

What Income and Deductions Should be Reported or Taken on Your Tax return in the Gig Economy? The gig economy[1]—also called sharing economy or access economy—is the activity where people earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website. Gig Economy Income is Taxable You […]

Corporate tax returns can shed light on a corporation’s finances and provide other key information to support a legal claim… Corporate tax returns can shed light on a corporation’s finances and provide other key information to support a legal claim. However, because they are considered confidential, litigants are not automatically entitled to them during discovery. […]