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IRS warns Americans to report $600 transactions from payment processors or risky audit

IRS warns Americans to report $600 transactions from payment processors or risky audit

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The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal and Cash App, as the agency seeks data regarding part-time employment and side gigs, a move critics called a government abuse. In a recent explainer posted online, the IRS said that according to the American …

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Entrepreneurship through acquisition: a less risky path to entrepreneurial success

Entrepreneurship through acquisition: a less risky path to entrepreneurial success

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Opinions expressed by Entrepreneur the contributors are theirs. By: Davis Smith and Trenton Smith Most startups fail. According to Startup Genome’s 2019 report, 92% of startups fail. Surprisingly, only 4% of businesses in the United States exceed $1 million in annual revenue, and only 0.6% reach $10 million in revenue, according to the US Census …

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