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By signing your 1040 form, you agree to abide by the tax law that holds you responsible for paying your taxes, regardless of who prepares your return. When it comes to collecting on mistakes, innocent or otherwise, the Internal Revenue Service looks for the taxpayer, not the...
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Whether you have one employee or a hundred, you will be way ahead of the game if you get an outside firm to handle your filings and payroll taxes. So, before you do anything else, get yourself a payroll service to take all of the time, hassle, anxiety, and risk out of the...
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Collecting sales taxes
In most states and in many cities, you must collect sales taxes on applicable sales. Generally, sales taxes apply on the sale of just about anything to just about anyone.
Exceptions are sales to resellers, such as wholesalers or retailers, who have...
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In the United States your business, if incorporated, must file and pay federal income taxes, state income taxes in most states, and local income taxes in some areas.
If your business is incorporated, you may elect to become an "S" corporation (formerly known as Sub-Chapter...
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Property taxes
Of course, you will have to pay real estate taxes on any real estate that you or your business owns. Also, many commercial and industrial leases are written so that the lessee, not the lessor, is responsible for taxes. Sometimes the lessor will pay what is...
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When tax time comes around, do you dig frantically through piles of papers looking for the documentation you need to prepare your tax returns? Are you unsure about which records you should keep and which ones you can safely throw away?
Why not make your life easier and...
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