Rives & Associates

FAQ

Tax Deductions

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Can I deduct home office expenses? Answer: If you use part of your home to conduct your trade or business, you might be able to deduct certain related expenses. To qualify for the home …

Tax Deductions Read More »

General Tax Planning

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Are my Social Security benefits subject to income tax? Answer: A portion of your benefits may be subject to income tax if your modified adjusted gross income (MAGI), plus one-half your Social Security benefits, …

General Tax Planning Read More »

Starting A Business

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Don’t most small businesses fail? Answer: Although it’s true that many new small businesses go under within their first year or two, there are usually reasons that can explain their failure. If you’re aware …

Starting A Business Read More »

Raising Capital

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Can I borrow money from my wholly owned business? Yes, you can borrow money from your wholly owned business. Generally speaking, the terms of the loan must be reasonable and must be properly …

Raising Capital Read More »

Incorporating a Business

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Should I incorporate my business? Answer: Operating as a sole proprietor is often the simplest and least expensive way to organize your business. Even so, many business owners choose to incorporate their businesses. …

Incorporating a Business Read More »