What is the corporate tax rate and what is the current corporate tax rate are common questions among business owners and those who are looking to launch. If you form your business as a corporation, it’s imperative to understand your federal and state corporate tax rate for 2023. Whether you’re already operating a C corp […]
Pilots and flight crew members tirelessly soar through the skies to ensure our journeys are smooth and enjoyable. Despite being 35,000 feet above the ground, they’re not forgotten by the IRS and Uncle Sam when it comes to paying taxes. Continue reading as we dive into some of the key tax deductions for pilots and […]
Florida offers a large population, several industries for small businesses to grow, and a year-round climate for visitors to the state. Starting a business in Florida may seem simple, but you should still know a few things. Here are the steps to follow if you want to start a business in Florida. Benefits of Starting […]
One of the initial and critical choices that independent contractors must confront relates to their business organization. The IRS provides a variety of different legal business structures for independent contractors. Each available entity structure comes with particular advantages and disadvantages that should be thoroughly evaluated by independent contractors. Keep reading as we discuss the advantages […]
Starting a business in NY can be a great decision, but you must be prepared. Not only should aspiring owners follow the steps below, but you’ll also need to grasp the market you’re entering. As wonderful as running a business in New York can be, there are challenges. This includes numerous regulations to deal with, […]
Managing finances is one of the most challenging aspects for entrepreneurs or those just starting a business. Bookkeeping, in particular, can seem daunting, given the multitude of transactions, receipts, and invoices that need to be tracked and organized. Maintaining accurate financial records is crucial when assessing the health of your business. It allows you to […]
Putting money in your HSA can be helpful for medical expenses. But did you know there are also tax advantages to having an HSA? You can use it as an investment tool and name beneficiaries for the funds. Keep reading for helpful tips so you can maximize your health savings account (HSA). 1. Maximize HSA […]
Texas offers several attractive reasons to start businesses. Some of the most important include a large workforce, low taxes, and a robust economy. While learning how to start a business in Texas is a good idea, you’ll want to know a few things before starting a Texas S Corporation. There are requirements the state has […]
If you own a business, how do you pay yourself? Paying yourself is an essential task that can be confusing at times. You may wonder how to determine your compensation, especially if you’re just starting your business. The good news is that paying yourself as a business owner is a straightforward process that you can […]
C corps are a common type of business entity and for a good reason. Their structure offers flexibility and opportunities for growth. While a C corporation status does offer a lot of benefits, there are also some drawbacks that you should know. Here’s everything you need to know about how to open a C corp […]
