You have a great concept for a business, but before you move on to developing your buy-sell agreement, do you know what the best structure or entity type is for you? The entity type is crucial to the success of a business and can have drastic legal and tax consequences for a company. As a business owner, it is your responsibility to understand the structure of the business you are creating and your personal stake within the company.
If your cryptocurrency activity this past year included any taxable event, it’s important that you are tracking your activity properly and have the necessary documents when you file. If you’re not sure about which activities are taxable events, check out our blog on taxable cryptocurrency activity here.

Chris Eichmuller, CPA is a senior manager at Corrigan Krause. 

December came fast and the end of the year is quickly approaching. Questions are still looming about how tax reform will impact both individuals and business but it’s not too late to make tax planning moves to improve your tax situation for 2018.

Here’s what you should consider before the clock strikes midnight on December 31:

  • The Standard Deduction vs. Itemized Deductions: Many taxpayers who have historically
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