Cryptocurrency and your Taxes

By |2021-05-18T14:38:13-05:00August 25th, 2020|Categories: Transportation|

Have you heard of cryptocurrency? Chances are you have come across the term before, but have you ever wondered what cryptocurrency is and how it’s treated for tax purposes? Let’s dive into cryptocurrency and try to answer these questions below. What is cryptocurrency? The most common definition of cryptocurrency, otherwise known as virtual currency or digital [...]

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Considering a Second Business under your LLC

By |2021-05-18T14:32:33-05:00August 21st, 2020|Categories: Transportation|

Hey Abe! Can I run a second business under my trucking LLC? Abe: Oooh, Thanks for asking this one. The answer to this question is technically yes, however it is often not wise to run multiple businesses under the same single-member Limited Liability Company (LLC). Here are a few reasons why: First, you must consider what [...]

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Rental Properties: An Investment, Consistent Source of Income

By |2021-05-18T14:24:41-05:00July 23rd, 2020|Categories: Transportation|

Rental properties can be a great way to provide a consistent source of income. An investment in a rental property can provide you with monthly rental income that can help supplement your total income. This can be a good way to accumulate wealth over time. Something to consider with rental properties is that if you ever [...]

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