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Cash vs. Accrual

The cash method and the accrual method (sometimes called cash basis and accrual basis) are the two principal methods of keeping track of a business’s income and expenses. In most cases, you can choose which method to use. Learn how they work and the advantages...

Crowdfunding Websites

Crowdfunding websites, such as Kickstarter, can help new projects get off the ground.  But remember that money raised from crowdfunding isn’t a tax-free windfall.  It’s income, and that means that project owners could face some sort of tax liability.  Creating a...