unemployment insurance

Tax Saving Strategies for Small Businesses And Real Estate Agents: A Seminar

MyCorporation and Paychex are sponsoring a seminar on February 4th that will tell you everything you need to know about saving on taxes. Here’s everything you’ll learn:

  • Legal strategies and techniques you can start using right away to reduce your annual tax liability.
  • Find out how forming a corporation or LLC can help you protect your personal assets and reduce your risk of an IRS audit.
  • The benefits of obtaining an outside payroll company to compensate your employees.
  • How to keep more of what you earn each year and save thousand over the lifetime of your business.
  • How you can utilize the Internal Revenue Code advantageously while not crossing the line.
  • Plus, stay for networking opportunities after the seminar!

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unemployment insurance

5 Things You Might Not Know about Sales Tax

The old saying goes that “Nobody is boring once you get to know them.” But can the same be true for a concept like sales tax? Nothing can make a little percentage tacked onto the sale of a product interesting, can it?

We here at TaxJar live and breathe sales tax and we beg to differ! These 5 things you might not know about sales tax are guaranteed to amuse and delight. (Or at least to give you a new understanding of this much maligned administrative task!) (more…)

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How Your Business Structure Can Impact Your Business Taxes

There’s nothing simple about starting and owning a business. Choices are everywhere — in business plans, company names, pricing, employees, benefits and office space. But first, in order to register your company with state and federal agencies, you’ll need to choose a business structure, and this choice can have ramifications that are not immediately clear.

A business’s structure is basically the way it’s organized. It answers questions like who’s in charge, how profits will be distributed and whether owners are responsible for debts accrued by the business. The most common IRS-recognized business structures include the following: (more…)

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Navigating July’s Sales Tax Perfect Storm

Florida BeachSummer is here and with it comes summer storms – of the meteorological kind and the business administration kind. We’re talking about sales tax. If you sell products, then July is most likely a busy time for you and your sales tax filing duties!

But never fear, at TaxJar we have your back when it comes to handling all the vagaries of sales tax. Here’s what you need to know to navigate July’s sales tax perfect storm. (more…)

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How to Handle Your IRS Tax Liability In Three Easy Steps

gavel and hammerAs Benjamin Franklin once said, ‘In this world, nothing can be said to be certain, except death and taxes’. He was definitely right, as anyone who fails to pay his dues or pays less than what he is supposed to pay to the Internal Revenue Service (IRS) can face some serious consequences. The IRS is known to charge such individuals with not only penalties but also the back taxes along with interest. The letters that are often sent by the IRS are often confusing and downright scary, especially if you do not understand them. Avoiding your taxes or filing them incorrectly can end up to be a very expensive and stressful situation for you. There are ways to fix the situation without too much expense or headaches. (more…)

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Experts Weigh In: How do you handle payroll?

Idea_Thinking_Woman2Payroll can be tricky for small business owners. It’s a lot to learn if you want to tackle payroll on your own, and it can be costly to hire on a new employee or use an outside service. We asked our small business experts how they handle their payroll:

“We are a small organization with anywhere from 4 to 6 employees. In spite of the higher overhead, we use Paychex because of the ease of use and because of the clarity they provide while filing taxes.” –Denise Castronovo, Castronovo Chocolate  (more…)

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2015 Tax Stats: An Infographic

April 15th is just around the corner, and the buzz word on everyone’s mind is “taxes!” We’ve gathered tax statistics from far and wide to give you our latest infographic: “2015 Tax Statistics.” From the states that receive the most revenue from sales tax, to tax rates by country, we walk you through this year’s must-know tax facts.

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Experts Weigh In: What have you learned about taxes since starting your small business?

Don't Fret Because It’s Tax Season Again!Last week we talked about the most hated small business taxes among small business owners. This week, we’re asking our small business experts what they’ve learned about taxes since opening up shop. These were our ten favorite answers:

1. “As a mobile pet sitting business, one of my favorite write-offs is mileage. Most people forget to keep track of their miles and just guess, but often they are getting less credit than they should. I keep a notebook in my car to keep track of mileage, then when I get home at the end of the day I transfer it to a spreadsheet. This way I have all my mileage ready for tax time, and have it in both paper and digital form.” -Chris Herath, Atlantic Pet Sitting (more…)

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