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A 'Real' Business Problem with the New Tax Code

  • 24 April 2018
  • Author: Alexander Carr
  • Number of views: 416
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A 'Real' Business Problem with the New Tax Code

When something as complex and nuanced as the U.S. tax code gets tweaked, one minor change can cause an avalanche of unintended headaches. One such tweak—supposedly meant to thwart farmers, manufacturers, and other businesses from swapping assets like trucks and machinery tax-free—now seems to be inadvertently hurting businesses like professional sports teams.

A Stud in Tax Court: How a Retired Race Horse Beat the IRS

  • 17 April 2018
  • Author: Alexander Carr
  • Number of views: 433
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A Stud in Tax Court: How a Retired Race Horse Beat the IRS
If you’re a horse enthusiast, take note: The IRS may disagree with whether your affinity is a hobby or business, depending on what’s at stake. With a recent tax court win, a retired racehorse named Woody B. Tuff teaches us about the tax implications of what we do on our weekends.

What Are Public Benefit Corporations and B Corps?

  • 10 April 2018
  • Author: Alexander Carr
  • Number of views: 526
  • 0 Comments
What Are Public Benefit Corporations and B Corps?
Can you make a profit and save the world at the same time? Many startups and businesses aim to do just that and, now, there are business designations and corporate structures to fit their missions. Public Benefit Corporation (PBC) status and B Corp designations are both tailor-made for do-good for-profits, but that’s where the similarities end.
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