business legal issues
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Tuesday, October 28th, 2008
News media around the world reported yesterday that the longest-serving Republican Senator Ted Stevens from Alaska was convicted for accepting gifts that constitute a breach of ethics. He failed to report gifts and services he received from friends.
Stevens’ crime is no small one since he wielded tremendous influence over federal spending. Along with that, before the Democrats [...]
Friday, October 19th, 2007
Many gift basket designers ease into their businesses without a business plan or clear separation between their personal and business expenses. Check to see whether you are a business or a hobby. Here is how the IRS answers this question.
How do you distinguish between a business and a hobby?
Since hobby expenses are deductible only to [...]
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