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 reason for no activity, does the LLC need to file a tax return? LLC tax…
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 about sales tax, you’re not alone! Collecting and paying sales tax is one of the more complicated aspects of running a small business, both online and off! If you ask yourself any of the following questions,…
26 things you need to know about the incoming tax law
It’s official. There’s a new tax code starting in 2018. Actually this is the first significant reform of the U.S. tax code since 1986 and the days of Ronald Reagan as president. That’s crazy, right? This measure is sure to shake up life for millions of Americans. It will influence decisions about whether to buy…
6 Things to Know about Taxes and Starting a Business
Thinking about starting a 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 business. Starting a business 1) Choose a business structure When starting a business, an owner must decide…