Tax Loss – Handling Net Operating Loss for Small Businesses

Tax Loss - Handling Net Operating Loss for Small Businesses
As the old clich√© goes, you’ve got to spend money to make money. Sometimes that means the small business you’re trying to get off the ground has losses for a year or two, including a tax loss on your tax return.¬†Does that big red number on the bottom of your return do you any good, ...

How is a Partnership Taxed

How is a Partnership Taxed
Entity Type 2: Partnership & LLCs taxed as Partnerships (Part of a series looking at the tax overview of different entity types. Click here to go back to the start) For many people just starting out, a partnership is going to end up being impractical. For Amy’s situation, she’s planning on selling these nail wraps ...