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Small Business »

[29 Aug 2009 | 3 Comments | ]

I’ve been trying to get my freelance graphic design business off the ground the past couple of months. I’ve finally started to make a little cash but I don’t have any idea how to pay federal and state (KS) taxes. Any help on this matter would be greatly appreciated.
Thanks!

Small Business »

[16 Jun 2009 | One Comment | ]

i am going to operate and manage the vending in my stores i.e. candy, tattoos, stickers what do i need to do to get started? what taxes will i be subject to? what governing agencies will i report to?

Small Business »

[20 Apr 2009 | No Comment | ]

There are many aspects to starting a business but the most important aspect in my opinion is taxes.  As a business owner, staying on top of taxes will ensure the survival of your business.  Before opening your business you (as the owner) may want to consider which type of business entity is appropriate for you, such as, a sole proprietorship, partnerships, or corporations to name a few.  Each entity has different tax regulations or benefits accordingly, so choose wisely.  Filing for the federal income tax is a priority for any …

Small Business »

[11 Apr 2009 | One Comment | ]

I like playing poker but the platforms are not up to par with what I want. Is it possible to run a pokersite out of the country and still live in the United States? Gambling licenses for online are impossible so I want to know if its possible to run it from this country in another country and how that would work with taxes etc. If not who should I contact locally? Lawyer or tax broker? Thanks

Small Business »

[28 Mar 2009 | One Comment | ]

Again, its not to profit a person, but to keep place running. We charge a lot let than most. We will receive grants and donor support as well, but its not enough to cover everything right now. Trying to figure out the tax code is a nightmare and attorney fees are not something we can do as we are just trying to get started.

Small Business »

[27 Mar 2009 | No Comment | ]

Past due payroll taxes can cause you to lose your business and in some cases, your freedom. The IRS is focusing increased tax compliance efforts on small businesses so it is important to know the common payroll tax audit triggers and learn how to avoid severe IRS penalties, huge tax debt and federal criminal investigation.1. Small businesses are the most likely target of increased tax compliance enforcement Small business owners have been identified by the IRS as the largest source of uncollected taxes. And because they are known to be …

Small Business »

[27 Mar 2009 | One Comment | ]

I was in process of buying a restaurant and have deposited $1000 in the escrow account. Later on I stepped back and decided not to buy the business because the seller was unable to provide me the tax papers on time.
Now the seller’s attorney says that he is not going to release the money deposited in the escrow account as I have not provided any valid reason to cancel the deal.
What should I do to get my money back from the escrow account?

Small Business »

[25 Mar 2009 | One Comment | ]

Hi I am about to try and lock in my business name and get my LLC but I don’t plan on opening for at least 2 years. Are there any fees or tax’s I need to worrie about just to have the name?
Thanks