Limited liability partnerships and limited liability companies have the same tax protection and have similar business structures. The “pass through” taxation that both LLP and LLC entities have allow all partners to claim their profits and losses on their personal taxes. The partners are also protected from any negligence that any other partner has done […]
Business
How to Calculate Your Payroll Tax and 5 Strategies for Simplifying Things
It is important to know how to calculate the proper payroll tax when paying your employees. If you fail to calculate Social Security or Medicare taxes, your employees may suffer the consequences. These consequences include problems filing for Social Security, Medicare, or unemployment benefits at a later date. As an employer, you may face fines […]
Small Business Grants 101: Who Qualifies and How to Apply
If you are a small business owner, you might be considering expanding your business. But how so? Is there a magical recipe that you can use to effectively make your business grow and eradicate your dwindling customer base? Unfortunately, money does not fall from the sky, but there is a way that works just as […]
What Is the Sales Tax by State?
Sales tax by state amounts differ by each state. There are a couple of states that do not charge any sales taxes. Some states only charge sales tax on non-consumable items, while some states charge sales taxes on all purchases. There are also some states that charge a higher sales tax rate for purchases made […]
What Are Inside Sales and How Is This Strategy Used for Best Results
No matter what size or type of company you work for, chances are they have an inside sales team. Inside sales has evolved over the decades, becoming a more efficient and economical way to sell products and to compete in a global economy. Companies that would never have the opportunity to ring your doorbell are […]