Posts Tagged ‘Tax Effects’
Tax Implications of Business Collaborations: Guide for Startups
In today’s competitive environment, startups increasingly turn to collaboration to improve their growth prospects. By collaborating with other companies, startups can access new markets, share resources, and accelerate innovation. However, there are many different tax implications of business collaborations, which can lead to financial problems if not handled properly. In this article, we will offer…
Read MoreWhy Hiring Your Kids This Summer Is a No-Brainer (Video)
Hiring your kids for summer or holiday jobs isn’t just a parental power move. It’s a savvy business strategy that screams “tax savings!” On-the-Job Experience First off, when you hire your kids, you’re not just giving them chores, you’re offering real, resume-building jobs. Imagine your child saving for college or learning money management while filing…
Read MoreWhat is Effectively Connected Income?
Unlike FDAP income, the United States taxes effectively connected income (“ECI”) on a net basis. Effectively connected income is income that is effectively connected with the conduct of a U.S. trade or business. It also includes gains from the disposition of U.S. real property under FIRPTA, which are treated as ECI. Generally, when determining whether income constitutes effectively…
Read MoreHow to Set Up Compensation and Benefits at a Startup
