News & Tips - Augustedge, PLLC

Tax Consequences of Crowdfunding

Article Highlights: Crowdfunding Sites Gifts Charitable Gifts Business Ventures SEC Registration Crowdfunding Scams Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. Several sites host money-raising projects for fees generally ranging from 5 to 9%, including GoFundMe, Kickstarter, and Indiegogo. Each site specifies its own charges, limitations, and withdrawal processes. The money raised may or may not be [...]

By Augustedge Staff|2023-06-02T16:18:10+00:00June 9, 2023|Taxes|Comments Off

The IRS Issues Update to the Tax Scams to Be Aware of For 2023 and Beyond

When it comes to income taxes, two things tend to be true every year. The first is that April will always roll around yet again, whether you like it or not - which means that it's in your best interest to make sure your tax filing needs are accounted for. The second is that with this period of the year always comes scammers and [...]

By Augustedge Staff|2023-06-02T16:09:20+00:00June 8, 2023|Taxes|Comments Off

Raising Chickens? Make sure you’re covered!

Move over cats and dogs; small chicken flocks are rapidly taking over urban, suburban and rural backyards around the country. Raising backyard chickens is becoming more popular for multiple reasons, including as a way to save a few dollars on your family's grocery bill and provide fun family learning opportunities. But raising backyard chickens for egg or meat production is more than just a [...]

By Augustedge Staff|2023-06-07T23:11:20+00:00June 7, 2023|Insurance|Comments Off

Warning Signs That You Should STOP Managing Your Own Books

On the one hand, it's almost a prerequisite for entrepreneurs of all types to have that "can-do spirit." That sense that nobody else sees things quite like they do so, whatever it is they want to accomplish, it becomes something they know they'll have to do themselves. In a lot of ways, this is an asset as it's a big part of what has [...]

By Augustedge Staff|2023-06-02T13:15:55+00:00June 7, 2023|Accounting|Comments Off

How Does Code Section 1244 Affect Stock Sales And How Can You Take Advantage Of It?

Article Highlights: Section 1244 Ordinary Loss Versus Capital Loss Sec 1202 Gain Exclusion Small Business Corporation Written Corporate Resolution Documentation Starting a small business can be a risky undertaking and Internal Revenue Code Section 1244 provides special tax treatment to the disposition of certain qualifying stock of small businesses. It essentially allows losses up to $50,000 ($100,000 for married taxpayers filing jointly) to be [...]

By Augustedge Staff|2023-06-02T13:12:19+00:00June 6, 2023|Taxes|Comments Off

Did You Overlook Something on a Prior Tax Return?

Article Highlights: Repercussions of Incorrect Tax Returns Filing Amended Returns Statute of Limitations for Refunds Potential of Audit It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after the tax return was already filed. Regardless of whether the oversight will result in more tax due or a [...]

By Augustedge Staff|2023-06-02T13:07:26+00:00June 5, 2023|Taxes|Comments Off

Business Growth: How to Plan for (and Make the Most of) This Critical Stage

While it's true that every business is different from the next - and every entrepreneur will go on his or her own unique journey - there are still a few constants that we know to be true. The start-up phase, for example, is when you write a formal business plan. You secure financing, you select your business structure, and you do all the other [...]

By Augustedge Staff|2023-06-02T13:03:05+00:00June 2, 2023|Business|Comments Off

Eldercare Can Be a Medical Deduction

Article Highlights: Incapable of Self-Care Assisted-Living Facilities Meals and Lodging Home Care Nursing Services Caregiver Agencies Household Employees Employee Retirement Plan Because people are living longer now than ever before, many individuals are serving as care providers for elderly loved ones (such as parents or spouses) who cannot live independently. Such individuals often have questions regarding the tax ramifications associated with the cost of [...]

By Augustedge Staff|2023-06-02T12:57:54+00:00June 1, 2023|Taxes|Comments Off

Cyber Security Coverage – Why Your Business Needs It

Every type of organization, from global companies to small mom and pop shops that use technology to do business, face cyber risk. With each passing year technology becomes more complex and sophisticated, as do the threats that businesses face. Every business and organization needs to be prepared with both cyber liability insurance and an effective cyber security plan to manage and mitigate cyber risk. [...]

By Augustedge Staff|2023-05-30T21:11:52+00:00May 25, 2023|Insurance|Comments Off

Umbrella Coverage – Why You Need It

Umbrella coverage extends the bodily injury and personal damage liability limits of your home. We all know that in a split second accidents can happen. In today's litigious society it is not just recommended, but necessary. Why is that? Watch the video below to learn more and make sure that you have umbrella coverage to protect yourself, your home, and your financial well-being from [...]

By Augustedge Staff|2023-05-25T17:59:16+00:00May 25, 2023|Insurance|Comments Off

Augustedge, PLLC
Wenatchee Satellite Office

Augustedge, PLLC
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Augustedge, PLLC Wenatchee Satellite Office

Augustedge, PLLC Insurance Virtual Office

Augustedge, PLLC
Wenatchee Satellite Office

Augustedge, PLLC
Insurance Virtual Office