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… business will need to meet its federal, state, and local tax obligations to stay in good legal standing. Your business … which taxes your business has to pay. Content Choose your tax year Most businesses choose their tax year to be the same … tax year . If your business doesn’t have much reporting or bookkeeping, you might be required to use a calendar tax …

… Working Families Tax Cuts Take advantage of historic tax cuts for small businesses in 2026. Working Families Tax Cuts were signed into law by President Donald J. Trump on … Take advantage of historic tax cuts for small businesses in 2026. … Working Families Tax Cuts …

…  with the state. Most businesses will also need to  get a tax ID number  and file for the appropriate  licenses and … based on your location. This could also result in tax consequences and unintended dissolution, among other … agreement. Profits are passed through to personal tax returns, and the general partner — the partner without …

… John and Kelly’s auto repair shop also qualifies for tax incentives because it’s located in an underutilized area. With money from the state loan and tax incentives, John and Kelly are able to purchase the … their auto repair shop. State and local taxes Consider the tax landscape for the state, county, and city. Income tax, …

… apply.  Some countries require payment of a Value Added Tax (VAT) in addition to tariffs. The United … up to C$150. Mexico will continue to provide USD $50 tax free de minimis and also provide duty free shipments up … may be able to provide general information on taxes and tax programs for exporters, such as Canada’s Non-Resident …

… Self-Employment Tax Wrinkles February 14, 2017 Individuals whose businesses … incorporated do not have to think about self-employment tax. Any salary they take from their corporations as … incorporated do not have to think about self-employment tax. Any salary they take from their corporations as …

… Tax Credits for Your Business March 19, 2018 A tax credit reduces your tax bill dollar for dollar, making it a valuable write-off if … A tax credit reduces your tax bill dollar for dollar, making it a valuable write-off if … Tax Credits for Your Business …

… get a bit tricky. Instead of waiting for the traditional tax season during the months of March and April, it's in your … get a bit tricky. Instead of waiting for the traditional tax season during the months of March and April, it's in your … you may need to consult a bookkeeper, accountant or tax preparer, particularly a professional who specializes in …

… as the work performed for the hiring entity 2. Myth: All tax-free benefits are exempt from payroll taxes Reality:  Receiving tax-free fringe benefits means that employees do not have to pay income tax on what they receive. However, it does not mean that …

… Small businesses demand tax reform October 12, 2017 Tax reform is “the single most critical piece of legislation” … (SBA) from 2017 to 2019. Read more about Linda McMahon Tax reform is “the single most critical piece of legislation” … Tax reform is “the single most critical piece of legislation” …

… Now of Expiring Provisions November 6, 2019 Several tax breaks that are available in 2019 are set to expire soon, which means that now is the time to act if the tax breaks benefit your company. Barbara Weltman SBA Blog … Read more about Barbara Weltman Several tax breaks that are available in 2019 are set to expire soon. …

… 5 Tax Rules for Deducting Interest Payments June 20, 2019 To the extent interest payments are tax deductible, they reduce the cost of borrowing. But tax rules on deductibility can be confusing. Barbara Weltman … To the extent interest payments are tax deductible, they reduce the cost of borrowing. But tax …

… financial obligations. Handle final returns for income tax and sales tax. Cancel your Employer Identification Number, notify federal and state tax agencies, and  follow this checklist from the IRS with …