What the latest ruling means for sales tax for your small business

You may have read or heard about the latest sales tax ruling which allows states to change laws forcing online businesses to collect and remit sales tax. Now you’re wondering how this will affect you and your small business. Let’s take … Read More

Tax Reform Benefit for Small Business Owners

First things first, this new provision, Section 199A, as part of the Tax Cuts and Jobs Act allows for a 20% deduction for qualified business income deduction. There are exceptions and it can get complicated, but, to keep it simple, … Read More

What’s the best state in which to form a LLC?

What’s the best state to form a LLC? I get this question all the time. No. The answer is not Wyoming, Nevada or Delaware! Simply put, your domicile or home state is the best option. Don’t fall prey to the … Read More

Do I need to file a tax return for my LLC with no activity?

Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More

Navigating sales tax as a business owner

With the freedom of being a small business owner comes the responsibility of navigating sales tax. If you’re confused over sales tax, you’re not alone! Collecting and paying sales tax is one of the more complicated aspects of running a … Read More

9 tips to help you avoid mistakes on your taxes

If you’re like many people, the word “taxes” gets your belly in knots! Even if you’re good with numbers and stay on top of things, it can be hard to understand all the different aspects to taxes. That’s not even … Read More

6 Things to Know about Taxes and Starting a Business

Thinking about starting a small business to help you earn income and use your skills? New business owners have tax related things to do before launching any company. Here are the 6 things to know about taxes and starting a … Read More

Employee vs. contractor: What’s the difference?

Employee or independent contractor? This is a common question among full-time travelers who work on the road. What’s the difference between employee and independent contractor and how does it affect your tax obligations? Let’s get to it, so you can … Read More

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