Blog
Stay informed with the latest tax strategies, accounting best practices, and financial insights from our team of experienced CPAs.
Page 15 of 57
Browsing all posts: Page 15 of 57
Restricted Stock Units (RSUs) are a valuable part of many compensation packages, especially in tech and corporate environments. When RSUs vest, they become taxable income—and understanding how to calculate that income can help you plan for taxes and make informed financial decisions.
Restricted Stock Units (RSUs) are a popular form of stock-based compensation offered by companies to their employees. While RSUs can be a valuable asset, they come with specific tax implications that, if not managed carefully, can result in double taxation. In this guide, we’ll explore how RSUs are taxed, the risks of double taxation, and practical strategies to minimize your tax liability and avoid paying taxes twice on your RSU earnings.
As an influencer or content creator, it’s easy to focus on growing your audience and collaborating with brands. However, neglecting your tax obligations can result in serious consequences. The IRS considers influencer income—whether it’s from sponsorships, affiliate marketing, product collaborations, or ad revenue—as taxable. If you fail to pay taxes on this income, you could face fines, interest charges, and even an audit.
As an influencer, YouTuber, or content creator, you may enjoy the flexibility of being your own boss, but this also comes with the responsibility of managing your taxes. Unlike employees with traditional jobs, influencers are considered self-employed, which means you must file taxes as an independent contractor or small business owner. Failing to file taxes properly can result in hefty penalties, missed deductions, and potential audits.
If you’re earning money from your YouTube channel, whether through ad revenue, brand deals, or merch sales, the IRS sees you as self-employed—and that means taxes. Many creators don’t realize that even side-income from YouTube must be reported. Ignoring this responsibility can lead to financial penalties and IRS trouble. So yes, YouTubers do pay taxes—and here’s what you need to know.
As a freelance model, you’re considered self-employed by the IRS, which means you’re responsible for handling your own taxes. The good news? You’re also eligible for tax deductions that can significantly reduce your taxable income.
Whether you’re a YouTuber, TikToker, influencer, or blogger, earning money from your content means you have tax responsibilities. The IRS considers you self-employed, which means filing taxes is different from traditional 9–5 employees. Don’t worry—it’s manageable once you understand the basics. Here’s how to file taxes as a content creator and stay on the IRS’s good side.
Although adult-use cannabis is now legal and taxed in New York, the dispensary checkout experience still remains largely cash-based. This situation is not due to local policy but rather the broader legal status of cannabis at the federal level. Because marijuana remains a Schedule I substance in accordance with federal law, major banks and card payment processors still hesitate to do business with dispensaries.
It is a fact that New York remains one of the most closely watched cannabis markets in the United States. As the state refines its adult-use cannabis program, the evolving New York cannabis tax system should be acknowledged well by dispensary operators, cultivators, and investors as well as service providers.
In New York, it is true that adult-use cannabis sales step in alongside state-enforced limits that apply to every licensed dispensary. Such limits are not random. They are closely linked to public health policy and tax enforcement as well as tracking systems used in accordance with the current New York cannabis tax framework.
Yes, New York has officially opened its doors to licensed dispensaries selling cannabis for recreational purposes. In this context, the market rollout, while cautious, is now well underway. It is true that adult-use dispensaries are active across various boroughs and counties. Moreover, they are subject to detailed regulatory controls as well as point-of-sale taxation.
Starting a business in New York City is exciting, but navigating the complex world of business taxes can be daunting. Whether you’re launching a tech startup in SoHo or opening a bakery in Brooklyn, understanding your tax responsibilities is essential to staying compliant and maximizing profitability. As a trusted CPA in New York, George Dimov CPA is here to help you get started on the right financial footing.
Contact us anytime
Please fill out this form and someone will get back with you shortly. We are available in the evenings and on the weekends for your convenience.