Forty-five states and Washington D.C. have some type of state sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. Chances are, your business is probably in a state with sales tax. To remain compliant, you must know sales tax laws by state. Read on to […]Read More Sales Tax Laws by State: What’re Your State’s Rules?
If you are self-employed, you might be overwhelmed by the expenses you have, including your self-employment tax liabilities. However, you can claim self-employment tax deductions to reduce the amount you owe in taxes. See how you can take advantage of self-employed tax relief below.Read More 9 Self-employment Tax Deductions You Should Be Taking
Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS.Read More Business Mileage Deduction 101
You know that little line at the bottom of your receipts and invoices that says Sales Tax? As a business owner, it’s not your responsibility to pay it out of pocket. But it is your responsibility to collect and remit sales tax. If you don’t know how to pay sales tax for small business to […]Read More You’ve Collected it … Now What? How to Pay Sales Tax for Small Business
For many businesses, collecting sales tax is a mandatory part of selling goods and providing services. After collecting sales tax from customers, you are responsible for remitting the tax to your state or local government. But before you start collecting, you need to know how to calculate sales tax.Read More Learn How to Calculate Sales Tax to Meet Your Small Business Requirements
Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate?Read More What Is the Corporate Tax Rate? [Federal & State Guide]
If you’re a business owner, employer, or both, you need to know what’s going on in your state. There are many state tax systems that you must follow to remain compliant and avoid penalties. So, how can you possibly keep up? Brush up on the systems and your responsibilities below.Read More Don’t Let These State Tax Systems Slip Your Mind
Understanding your business tax obligations is not always easy. There are different ways a business can be taxed. One method of taxation is a pass-through tax. If you own a small business, you need to know about pass-through taxation.Read More What Small Business Owners Need to Know About Pass-through Taxation
As a small business owner, you probably spend a lot of time and money on taxes. But, not all businesses have to pay taxes. Have you ever wondered, “Is my business tax exempt?”Read More Is My Business Tax Exempt?