Business Planning

There are two schools of thought when it comes to the right time to become a philanthropist. Some like Steve Jobs believe you should spend most of your life making your fortune and giving it away only toward the end. Others, like Mark Zuckerberg, have started on the road to…

The IRS has very clear guidelines on the difference between hobbies and businesses. The reason for the guidelines is to help taxpayers determine what they can and cannot deduct as expenses. According to the IRS, in order to make this determination, taxpayers should consider the following: • Does the time…