Taxes
Is My Side Business a Hobby or Small Business?
September 8, 2022 The desire or need for extra income has become increasingly prevalent. Side gigs have been a popular...
Converting Your Home to a Rental Property
September 7, 2022 Real estate has long been considered one of the greatest long-term investments. Further, with the trend of...
3 things to remember about economic nexus
This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc...
Biden Announces Student Loan Forgiveness Plan
September 1, 2022 President Biden has announced his three-part student loan forgiveness plan that aims to provide relief to student...
Tax Implications of Owning Rental Property
Whether you intended to be a landlord or you fell into it because you had vacant property you couldn’t or...
Inflation Reduction Act Part IV: More Audits, More Tax Collection
August 30, 2022 We know that an increased budget for enforcement will lead to more audits. More audits mean more...
Optima Newsletter – August: What is the Inflation Reduction Act?
August 29, 2022 What is the Inflation Reduction Act? From a pandemic to inflation, American taxpayers haven’t been able to...
Hobby Income vs. Business Income: What’s the Tax Difference?
If your hobby earns you income, the IRS wants to know about it. But how do you report hobby income...
How to Change Your Business Name
Your small business is your baby and choosing the right name for it is a big deal. But what happens...
6 Ways to Maximize Your 401(k) or IRA Plan Contributions
One of the best money moves you can make this year is to maximize Your 401(k) or IRA Plan Contributions...
Inflation Reduction Act Part III: More Auditors, More Audits
August 25, 2022 More than half of the $80 billion Inflation Reduction Act will be spent on IRS enforcement, including...
5 reasons you need continuity in a sales tax provider
Consistent (i.e., “good”) service is a nice thing to have in any industry. In a field that changes as fast...
