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Tax Consequences of Crowdfunding in Accounting

Accounting: Crowdfunding websites such as Kickstarter, GoFundMe, Indiegogo, and Lending Club have become increasingly popular for both individual fundraising and small business owners looking for start-up capital or funding for creative ventures. The upside is that it’s often possible to

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Saving for Education: 529 Plans

Many parents are looking for ways to save for their child’s education. A 529 Plan through a Gilbert Tax Professional or accounting expert is an excellent way to do so. Thanks to the passage of tax reform legislation in 2017,

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What to do when your Tax Return is late

Tuesday, April 17, 2018, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2017 tax return yet, it’s not too late, and it may be easier than you think. BASC Expertise your

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Selling Your Small Business

Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences. BASC Expertise specializes in Gilbert small business accounting. If you’re thinking about selling your business the first step is

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Tax Reform and Divorce

Tax reform changes the alimony game. BASC Expertise, Gilbert tax professional can guide you through this difficult process.   This may or may not have any relevance to you, but if it does, you will want to move quickly.   The

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Are Legal Fees Deductible?

The Tax Cuts and Jobs Act (TCJA), known as tax reform, made it more difficult for you to deduct your legal fees. BASC Expertise your Mesa tax professional can guide you through the process.   The new tax reform law

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Tax Reform and Your Mortgage

The recent tax reform contains two big changes to how much you can deduct in mortgage interest for tax years 2018 through 2025:   During this seven-year period, you may not deduct any interest on prior or current home equity

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Facing IRS Penalties

You hate IRS penalties, right? Everyone does! BASC Expertise your Mesa tax professional can help alleviate your stress.   There are a lot of strategies we can use on your behalf to potentially defeat an IRS penalty.   Thanks to

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