Finance & Accounting

How the IRS Taxes Businesses and Entrepreneurs

There are essentially two ways the IRS taxes businesses and entrepreneurs. We'll explain them in as few words as possible in this post. The two primary tax structures Pass-Through Taxation: Most businesses are taxed as “pass-through” entities. This means the profits and losses of the company are passed through to the owners’ individual tax returns. [...]

Join Venture Legal at WordCamp Kansas City 2018

Our presentation was selected again for WordCamp Kansas City! Join us to learn the Five Legal Issues Every Freelancer Should Understand. You can buy tickets and learn about WordCamp on their website. The presentation: If you are running a freelance business in Kansas City (or even just moonlighting), you should consider how the law impacts what [...]

W9s & 1099s – What Freelancers & Entrepreneurs Should Know

It's easy to confuse W9s and 1099s so here's a primer on what entrepreneurs and freelancers should know. A Little Background In the ever growing freelance economy in Kansas City, more and more people are being paid as independent contractors rather than as traditional employees. When you are paid as an employee, your employer reports [...]