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Taxes are something everyone can look forward to coming their way. Every year people spend countless hours preparing to pay their taxes. Yet, few of us ever think about how small businesses are taxed. While large corporations are paying federal and state-mandated taxes, the vast bulk
A LLC or Limited Liability Company is a type of private business not subject to as many laws as standard businesses which makes the structure more flexible. An LLC cannot be double-taxed because the pass-through status allows them to report business income on their personal
Before making a hire, most employers conduct a background check on the candidate to make sure everything is in order. These checks can range in intensity from a simple verification of a social security number to a detailed and far-encompassing study. Not all companies do the same
In the United States, there are four main types of business taxes that the federal government administers. Business owners or managers should be aware of their responsibilities in paying each type of tax, as well as any additional taxes they may have to pay at the state
With all the social distancing and other precautions in place to control the spread of COVID-19, small businesses, especially those deemed nonessential, are feeling the strain. Businesses who are already strapped are forced into decisions about whether to continue or to fold up shop. More
Before making a new hire, many managers put prospective employees through an intensive background check. These reviews usually include a look at a job candidate’s criminal record, credit, drug record, education background, and work history. While nobody’s record is likely to be perfect, certain problems will
If you’re a budding entrepreneur, you’ve no doubt asked yourself, “How much money do I need to start my business?” This is a question that every single person who has ever started a business has asked themselves, so you’re in good company. While there are different initial costs
While businesses are only required to file an income tax return once a year, there are several other factors to consider when discussing business taxes. One of these is the due date of the business’s tax return which is dependent upon the structure of the
Owning a business is a dream that many people share. When you are going to be a business owner, it is important to understand all of the expenses that your company will incur. One cost that a lot of business owners do not always think