Is Your Money-Losing Activity a Hobby or a Business?
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
Articles
Advantages of Keeping Your Business Separate From Its Real Estate
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It…
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IRS Announces Hurricane Tax Relief for SC, NC, GA, and More
In the wake of Hurricane Helene, the IRS announced another piece of tax relief on October 1st, 2024. This applies…
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2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep…
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The “Kiddie Tax” and How to Avoid It
The “Kiddie Tax” taxes a child’s net unearned income over a threshold amount at their parent’s higher tax rate. The…
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IRS Launches Second ERC Voluntary Disclosure Program
By Debbie Tam, CPP, Checkpoint On August 15, 2024, the IRS announced the launch of the Second Employee Retention Voluntary…
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