They say if you can make it in New York, you can make it anywhere. While New York is a popular state with numerous industries and opportunities for business owners, it also ranks as one of the most difficult climates for small businesses with its high costs, substantial unemployment, and low business survivability rate. Thriving […]
Washington, the Evergreen State, with its world-class cities of Seattle, Vancouver, and Spokane, is a popular place to establish a business. While there is no personal or corporate income tax, you would be responsible for paying other taxes, contributing to Washington’s high overall tax burden. Thriving in such a unique environment takes effort and planning, […]
Bigger is better in Texas–unless you’re talking taxes. While the Lone Star State has many pro-business features, such as a lack of income tax, there are various rules and regulations that are unique to Texas. These include sales tax rates, tax deadlines, franchise tax, and other integral components of Texas tax law that you should […]
New York and California attract businesses due to their bustling industries and high population centers. However, that popularity comes with a price: higher operational costs and tax rates, which is why many owners and entrepreneurs are looking elsewhere to establish their businesses, including one of the most business-friendly states in the country, Florida. Its economy […]
Each state has unique rules and regulations for taxes on small businesses, and a few don’t have a corporate income tax for you to worry about at all. But California isn’t one of them! If you’re starting a small business in California or have just launched, you must be familiar with and ready to handle […]
Registering your small business in Florida is a great decision. The Sunshine State’s economy and industries have continued to attract small business owners and entrepreneurs who appreciate the region’s tax-friendliness and pro-business culture. If you’re interested in setting up in Florida, use this comprehensive guide to learn how to register your small business there. How […]
Doing business in California is expensive. Many businesses, though, are ok with the high costs because of the Golden State’s strong economy and numerous opportunities to grow. But there’s no question that California has more fees and red tape to cut through than many other states. Limited Liability Companies (LLCs) operating in California are taxed […]
Starting your own business can be a huge learning curve. With so much to learn, taxes can feel like another challenge added to your list. We understand how challenging taxes can be – so we created a small business tax guide for beginners. This guide includes step-by-step instructions for filing your taxes for the first […]
Payroll compliance is an important aspect of running your small business. The goal of payroll should be to pay your employees correctly and on time while ensuring that you take appropriate actions to comply with Internal Revenue Service (IRS) standards. Completing and filing the correct payroll-related form is an essential part of fulfilling your payroll […]
Officially establishing your business as a limited liability company (LLC) is an excellent choice due to its numerous advantages. You’ll enjoy simplicity and flexibility in how you are taxed, along with protecting your personal assets, which shields you from business liabilities. If you handle your business’s financial work, you need to be aware of the […]
