Taxes | Global Entrepreneurship Institute

Tag Archives: Taxes

Understanding Depreciation and Taxes for Entrepreneurs – Pizza Shop Example

Posted on July 16, 2014 by Robert W Price

Note: If you want to be an entrepreneur in the USA, you need to know this stuff “cold” and be able to have a sound and reasonable opinion on it. In recent weeks the US House of Representatives are working on a bill that will permanently extend what is called “bonus depreciation,” or 50 percent expensing. 50 percent expensing was

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Entrepreneur with Potato Salad on Kickstarter Faces a $21,000 Tax Bill

Posted on July 12, 2014 by Robert W Price

As of 2:30 PM on July 9, 2014, Zack Danger Brown has amassed over $70,000 in pledges from donors using Kickstarter to make potato salad. Nearly 5,000 backers from across the world have chosen Brown’s potato salad project, and tens of thousands of dollars will be dished to Brown on August 2. But once these funds are given to Brown, they

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