Planning Tips for Avoiding the ‘Hobby’ Classification in Your Side Business
If your business gets a hobby classification, there are downsides that can affect your bottom line and your tax obligations.
The IRS Nine-Factor Test: Assessing Your Activity Under the Hobby Loss Rules
The IRS employs a “Nine-Factor Test” to determine the nature of your income generating activity, for tax compliance purposes.
How to Provide “View Only” Bank Account Access to Your Accountant
Many accountants recommend that you pay invoices and receive payments directly through your bank. Here’s how to provide view only bank account access.
Navigating Tax Compliance in the Staffing Industry
Whether it’s staying abreast regulatory changes, or ensuring compliant payroll management, Fusion CPA can help your staffing firm optimize tax outcomes while staying compliant.
Tax Implications of Intellectual Property Creation and Licensing
Creating, owning, selling or licensing your business’ intellectual property (IP) comes with several tax implications.
Roth IRAs Explained: How They Work and Why You Might Need One
It’s never too early to start planning your retirement. A Roth IRA lets you make contributions with money that’s already been taxed.
Understanding 529 Plans: An In-Depth Guide to Education Savings
At Fusion CPA we help you with a smart 529 investment strategy to ensure that you benefit both in terms of education funding, while maximizing the tax advantages too.
The Hidden Dangers of Last-Minute Tax Filings: A Comprehensive Overview
Leaving your taxes until the last minute does more than just cause stress. It can also cost you – literally. Find out how to avoid the risks.
Navigating the Path to US Residency: Investment Visas Explained
It’s possible for foreign investors to become US residents. Through capital investments, you may be able to qualify for an investment visa.
Quarterly Tax Payments for the Self-Employed: How to Calculate and Pay
At Fusion CPA, we offer personalized tax guidance to help self-employed individuals submit accurate quarterly payments while minimizing liabilities and maximize deductions.