Resources from Pennsylvania CPAs for starting, funding, and growing your small business.
The use of Bitcoin can be tricky from a tax perspective. If you use Bitcoin or another digital currency, there are details you need to share with your CPA to keep you out of tax trouble.
Often, entrepreneurs rely on personal savings to start their new business; sometimes they may not have enough available. A trip to the bank to secure financing may be needed. Banks will require a loan to be secured by business assets, including owned office equipment and machinery. In addition, they may require a personal guarantee of repayment.