For most small businesses, it is more cost-effective to outsource their bookkeeping, payroll, accounting, and tax service needs, to an outside accounting firm than it…
Many self-employed individuals and small business owners use part of their home to conduct business. Just as a business with an offsite office is allowed…
After your business is allowed to be treated as an S Corporation by the IRS for tax purposes, it is important for you to observe…
Say you are a United States person who owns or has signature authority over financial accounts outside the United States, and the aggregate amount in…
Many owners of incorporated business entities believe that their personal assets are protected against the debts or obligations of their business, no matter what. While…
Most small startups can neither afford, nor do they need, a full-time or even a part-time bookkeeper given the size of the business, and the…
As an employer, in addition to paying your employees salaries, you are also responsible for withholding certain taxes from their gross salary, matching some of…
If you have at least one employee or if you are a self-employed owner of an S Corporation, setting up your payroll system can help…
The main similarity between Limited Liability Company (LLC) and Subchapter S Corporation (S Corp) entity types is that they both allow the benefits of limited…
One important consideration when starting your business is determining the best legal structure of your business. Your selection of legal structure will affect operating efficiency,…
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