Taxes

How to turn a hobby into a business (from IRS standpoint)

How to turn a hobby into a business (from IRS standpoint)

It is a hobby or a business? You love what you do. Your passion has the potential to allow you to earn a some extra income. Should you turn your hobby into a business? If so how? In this article, I will explain what you […]

Philadelphia Soda Tax Blamed for Reduced Sales and Layoffs

Philadelphia Soda Tax Blamed for Reduced Sales and Layoffs

Could a soda pop tax impact your business?  In January, 2017, Philadelphia’s controversial sweetened beverage tax, commonly referred to as the soda tax, went into effect.   The beverage distributors are charged a 1.5% per ounce tax on sweetened drinks.  The drinks include soda pop, […]