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Monthly Archive for: ‘July, 2011’

Don’t Give Up on Microcredit

Don’t Give Up on Microcredit

After a deluge of bad press, corporate buyouts, and over ambitious mistakes, microfinance’s own credit score took a serious hit over the last 18 months. It’s important to remember however, that any innovative program is only as successful and impactful as its directors are thoughtful and present. Despite discouragement from all directions, Liga Masiva, an […]

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Taxing Sweat

Taxing Sweat

Like most entrepreneurs, two of my clients were surprised this week to learn that the U.S. Internal Revenue Service (IRS) taxes “sweat equity.” The IRS taxes income, and its definition of income includes both cash and non-cash compensation for services.  This actually makes some sense, as otherwise employers could circumvent the tax laws by giving […]

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