President Donald Trump has promised to create tax breaks for small businesses. This article outlines two of the major proposals lawmakers are considering.
Do you wonder where our government spends money and how large each government branch is? This infographic of the 2015 United States federal budget shows a detailed breakdown of how much taxes collected and where this revenue is spent each year. This is a visual guide showing you exactly where your taxes go and which […]
City council members in Eloy, Arizona, have applied for a grant from the U.S. Department of Agriculture, which they would use to help start a business incubator in the city, according to the Eloy Enterprise. Officials told the Enterprise that the city’s downtown area has had difficulty bringing in businesses, and they hope that more new […]
The Maryland Business Tax Reform Commission recently voted against a proposed method of taxing corporate profits. Combined reporting, a system that aims to stop businesses from filtering Maryland revenue to corporations in states with lower tax rates, has been highlighted by some as a way to increase state revenue. But, the Tax Reform Commission voted […]
Entrepreneurs who are interested in starting a corporation might be able to benefit from the lower business taxes that Republican legislative leaders are lobbying for in Arizona. The Arizona Tax Research Association recently held a forum for business leaders and lobbyists where state Senate majority whip Steve Pierce called for a decrease in business property […]
Entrepreneurs interested in filing an LLC in Mississippi will be required to file an annual report with the secretary of state starting in 2011. The Mississippi state legislature passed a bill earlier this year that created a new section 79-29-215 to the Mississippi Code of 1972. The newLLC annual forms will be available online January 3, 2011, and […]
Entrepreneurs who decide to start a corporation as opposed to a looser structure such as a sole proprietorship, need to carefully follow all of the practices and mandates that come along with it in order to avoid trouble with the IRS. In Entrepreneur magazine, Bonnie Lee notes that corporations come with the responsibility to hold […]