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Crowdfunding –What you need to know

As crowdfunding becomes more popular it is important to know your reporting requirements should you choose to do this. Crowdfunding can be considered a loan, a capital contribution, a gift, income, or a combination of these. If you are operating a business then generally crowdfunding is considered taxable income. If you are crowdfunding, or considering it, please contact us to ensure you report it correctly.

crowdfunding