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September 2019 Archives

Man pleads guilty in tax evasion case

Running a business in Missouri and other areas across the country is often a complex task. In many cases, business owners must multiple different decisions that could ultimately have a significant impact on the businesses. Unfortunately, some decisions could ultimately have legal consequences. For example, mistakes made when filing federal income taxes could ultimately result in accusations of tax evasion.

Executive pleads guilty to several charges, including tax evasion

Every person in Missouri and across the country has something at which they excel. For many, their strengths often lead them to the career, such as money management, that will support them for the rest of their lives. Unfortunately, one man who ran a business managing money recently pleaded guilty to tax evasion and other criminal charges following a federal investigation.

Even with a side gig, you have self-employment tax obligations

These days, it is common for people to have "side gigs" or "side hustles" that allow them to earn extra income or even the entirety of their income after a time. Often, these gigs come from acting as independent contractors for larger businesses like Uber or from selling hobby items online with sites like Etsy. While you may appreciate the income that these actions generate, you may not fully realize that you have become a small business owner.

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