SaaS Revenue Recognition

SaaS Revenue Recognition

Not so long ago, most consumers purchased software on discs to load onto their own computers. They used the software for years, or at least until they needed to upgrade. Today, software-as-a-service, usually called SaaS, has become the norm. With SaaS, consumers purchase a subscription to use and run software that the vendor hosts.  This subscription may also include a bundle of various services.  These issues […]

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IRS Notices and Data Protection

IRS Notices and Data Protection

The IRS Notice Freak Out As a founder or executive, if you have yet to receive the dreaded IRS notice, I promise you that it is probably coming.  These have been known to induce terrible symptoms, including an increased heart rate, sweating, a kung-fu grip on your phone, and worst yet- the high pitched emergency call to your accountant. What to do if you find […]

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Tax Consequences on Peer-to-Peer Accommodations

Tax Consequences on Peer-to-Peer Accommodations

Side Hustle Nowadays many founders, entrepreneurs, and employees need a second source of income to supplement their monthly expenses.  Airbnb has been a solution for many people looking for extra cash.  With that extra cash comes tax consequences, and maybe tax advantages. Unfortunately, income from rental property is taxable.  But, you can report expenses related to that rental property and decrease your taxable income.  Some […]

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