Blog

What are the tax implications of winning money or valuable prizes?

What are the tax implications of winning money or valuable prizes?

If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning at gambling For tax purposes, it doesn’t matter if you win at the casino, a bingo...

Amazon Expert Mike Begg’s Entrepreneurial Journey

Amazon Expert Mike Begg’s Entrepreneurial Journey

Episode Transcription Glenn Harper [00:00:00]: Hello, everyone. Welcome to another edition of an Empowering Entrepreneurs podcast. I'm Glenn Harper. Julie Smith [00:00:04]: Julie Smith. Glenn Harper [00:00:05]: What's going on, Julie? Julie Smith [00:00:06]: You know,...

How Mike Jesowshek Built a Successful Cloud-Based Accounting Firm

How Mike Jesowshek Built a Successful Cloud-Based Accounting Firm

Episode Transcription Glenn Harper [00:00:00]: Hello, everybody. Welcome to another edition of Empowering Entrepreneurs podcast. This is Glenn Harper. Julie Smith [00:00:04]: Julie Smith. Glenn Harper [00:00:05]: What's up, Julie? Julie Smith [00:00:06]: Hey. Nothing....

IRS suspends processing of ERTC claims

IRS suspends processing of ERTC claims

In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of...

2023 – 09/12 – Investment swings: What’s the tax impact?

2023 – 09/12 – Investment swings: What’s the tax impact?

Have your investments fluctuated wildly this year? You may have already recognized gains and losses. But nothing is decided tax-wise until all the gains and losses from 2023 trades are tallied up at year end. If you’ve had swings in the value of a tax-favored 401(k),...

Want important updates delivered to your inbox?
Yes, please! New and timely information to keep you informed about tax, financial strategy, and business. 
Thank you for subscribing!

Empowering entrepreneurs to grow their business.

Download your free guide today, and get back in the driver’s seat of your business and your life.

Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account