Tax Hive Blog

Enjoy these timely and informative articles that can help you make informed decisions about your business.

Is There a Maximum Age Limit To Setting Up a Retirement Account?

Is There a Maximum Age Limit To Setting Up a Retirement Account?

Question: Is There a Maximum Age Limit To Setting Up a Retirement Account? Answer: There is no maximum age to create or set up a new retirement account. However, you ... READ ARTICLE
What-States-Protect-Single-Member-LLCs

What States Protect Single Member LLCs?

What states protect single member LLCs? As it turns out, definitions for both “limited” and “liability” vary, depending on the state of incorporation. Some state courts have improved protections over ... READ ARTICLE
What-is-the-Back-to-Business-Grant-Program

What is the Back to Business Grant Program?

For 2020 into 2022, businesses around the globe suffered significant economic loss as a result of the pandemic. Between mandatory shutdowns, stay at home orders, and self-isolation, the U.S. economy ... READ ARTICLE
What-is-a-Qualified-Joint-Venture-and-How-Does-it-Work-with-Taxes

What is a Qualified Joint Venture and How Does it Work with Taxes?

What is a Qualified Joint Venture and how does it work? What are the benefits and drawbacks, and how to file taxes. A “Qualified Joint Venture” (QJV) is a tax ... READ ARTICLE
Network-Marketing-Tax-Deductions

Network Marketing Tax Deductions

Network Marketing -- the OG of the side hustle, gig economy, and non-celebrity influencers. Chances are you’ve had family or friends dabble in network marketing at some point. Network marketers ... READ ARTICLE
Can I Include Children on My Company Payroll?

Can I Include Children on My Company Payroll?

Question: Can I include children on my company payroll? Answer: Generally, as a business owner, you can add children to your payroll. The work must be for a specific business ... READ ARTICLE
8-Tax-Tips-for-Your-Freelance-Business

8 Tax Tips for Your Freelance Business

With the economic changes of 2020 through 2021, many have gained a new perspective on life. People began working from home and spending more time with loved ones. Suddenly, so ... READ ARTICLE
A-Guide-to-Maximizing-Tax-Deductions-and-Credits

A Guide to Maximizing Tax Deductions and Credits

If you own a small business, why should you care about maximizing tax deductions and credits? With the goal of the small business being profitability to survive and grow, taxes ... READ ARTICLE
Tax-Guide-for-Rideshare-Drivers

Tax Guide for Rideshare Drivers

As a part of the gig economy, ride sharing has become a major self-employment opportunity for many. Estimates vary as to how many Uber and Lyft drivers are in the ... READ ARTICLE

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