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, […]
If you’re a small business owner, you know how valuable your time is. You want to approach tax season feeling confident about your business tax compliance, not worrying about time-consuming return prep and potential tax penalties. This guide will help you understand how – and when – to prepare for your business tax return filing. […]
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 […]
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 […]
You’ve carefully planned your 2024 business budget and you added a cushion in case unexpected costs pop up during the year. You can’t predict everything, but don’t let a surprise tax bill derail your business spending. This article will explain how to determine your small business tax liability in 2024. You’ll learn how to find […]
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 […]
If you’re a small business owner, you know how valuable your time is. You want to approach tax season feeling confident about your business tax compliance, not worrying about time-consuming return prep and potential tax penalties. This guide will help you understand how – and when – to prepare for your business tax return filing. […]
The entity you choose can have serious implications for you and your business, including taxes, raising capital, and personal liability. Selecting the right entity has numerous benefits and can make a positive immediate impact. For example, small business owners who select their optimal entity can cut their tax burden in half in their first year […]
