In the day-to-day operations of running your small business, the last thing on your mind is filing taxes for that year. Making sound financial decisions on behalf of your business is often difficult enough without the added complexity that comes with tax preparation and filing....
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The distinction between employees and independent contractors is important when it comes to taxes, as it determines how the person is paid by their employer and where their taxes are allocated. However before we dig into the tax distinction, it’s important to define what it...
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Knowing the difference between sales tax and use tax can be a source of confusion for many small business owners, especially if you’re selling or purchasing out of state. It’s important to have a clear understanding of both in order to stay in compliance with...
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