Category Archives: Business Taxation
As you plan the launch of your business startup, are you finding yourself in a little bit of sticker shock when it comes to credit card processing fees? Monthly fees, plus a percentage of each transaction, statement fees, and the purchase of terminals and other equipment can quickly take a significant bite out of your [...]
If you opened your business in 2011, you are now faced with the task of filing business taxes. For some businesses, this isn’t a challenging task but for most, it involves some tax regulations that were never encountered for individual or family tax returns. Here are a few ideas that may help.
You don’t want to mess with the IRS. That’s the bottom line especially if you’re planning to form an LLC. Although the IRS has a favorable view of small business owners, their generosity has an end and if you don’t know where the line is you may open your mailbox and find an audit notice. [...]
The State Legislature implemented a new law requiring Limited Liability Companies (LLCs) to file an annual report with the Secretary of State’s Office or face administrative dissolution. This is the first year LLCs were required to file an annual report with the Agency.
There are a lot of reasons to start your own business and if you were to ask each business owner why they took the chance you would get a very personal answer. Probably far down the list of reasons would be the host of tax advantages for the self employed. Let’s take a look at [...]
If you’re a new business owner, you probably know that in the very near future, you’re going to have to register your business with both your state government as well as the Federal government. Since the government is involved, there must be some degree of complication and that is true when going through this process. [...]
It’s “either the biggest building or the biggest tax scam on record.” President Barak Obama said this about a certain address in the Cayman Islands where more than 12,000 companies are registered as having their corporate headquarters there.
Many people are opposed to the Obama Administration’s healthcare law and the amount of lawsuits challenging the law are mounting in numerous states throughout the United States. What many don’t know is that there was a little talked about provision placed in the bill that barely made a headline amidst the sweeping changes to our [...]