Turning Your Hobby Into a Business

Turn Your Hobby Into a Business

Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong.

Avoid These Small Business IRS Audit Mistakes

IRS Audit

IRS audits – In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited.