As an entrepreneur, small business taxes should be at the top of your financial priorities. Here are tax responsibilities for LLCs that you should know of.
As part of Incfile’s ongoing Business Of The Month series, we are profiling some of our favorite clients who are making great things happen with their businesses! We recently interviewed Ashley Patton, co-founder of Hopemont Investment Group, a real estate investment firm based in Harrisburg, Pennsylvania. Ashley and her husband started a business because they […]
Starting your business is an exciting and busy time. You need to get everything in order before you launch, and one of the most important legal requirements is business licensing. Business licenses and permits are typically issued by the state or federal government and are necessary for certain types of business. Ensuring you’re compliant with business license regulations […]
Tax season as a first-time business owner can be complicated and stressful. You go into business to make money, but making money usually means owing taxes—and the thought of owing a large amount on your business taxes when you’re just starting a business can be scary. As a new small business owner, you know that every […]
Determining when and how to sell a business is one of the biggest decisions that entrepreneurs have to make during the life of their company. Selling your LLC can be one of the most high-stakes financial transactions of your career, and there are a number of considerations to keep in mind, such as setting a […]
When dealing with taxes as a freelance writer or other solopreneur, here are some expenses you can write-off.
Here’s what small businesses need to know about the W-8BEN form and how it affects withholding taxes to foreign persons and businesses.
If you’ve recently formed your small business as an LLC with an S Corporation, congrats! You can now enjoy the tax benefits that come with having a pass-through business entity, along with the legal protection of your personal assets. For those with an S Corporation, it’s important to note this year’s new filing deadline for […]
Under the right circumstances, a limited liability company (LLC) can benefit from establishing a DBA — or “doing business as” — name. But all the misinformation surrounding DBAs, how they work and when they best serve your company only presents further complications. Many companies lack the guidance to make an informed decision regarding their company’s potential return […]
The coronavirus/COVID-19 pandemic is causing massive changes to almost every area of life, and now tax time is one of them: The IRS has announced that Tax Day is being moved to July 15. The deadlines for filing individual tax returns and for making payments of 2019 taxes owed (up to a certain limit) are […]