Tuesday, August 14, 2012

Crowdfunding Tax Implications

Ever since I published the first post regarding crowd funding--explaining the different types of crowd funding, as well as what it means for entrepreneurs, I've received a few questions from readers, one of them being the good old question of tax.  Recently I came across this article from Reuters regarding tax implications. It is really worth a read as the article talks about how, depending on whether the contribution is treated as income, donation, or investment for equity, the tax treatment differs. Some food for thought for accountants and entrepreneurs! Check it out--Crowdfunding Businesses May Owe Taxes, Too

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