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Tag: Tax update
Choosing the Type of Entity to Form Your Business
Choosing the Type of Entity to Form Your Business Sole Proprietor – Partnership – Inc. – LLC – It can be confusing! Starting a business involves making a number of tough decisions. What to name your company, where to operate, who to hire, what paperwork to file, and how to score investors, are just a … Continued
NJ Offers Limited Time Streamlined Business Reinstatement and Dissolution Program
New Jersey is offering a one-time program which will run from March 1, 2020 through June 15, 2020. During this period, the Department’s Division of Revenue and Enterprise Services will provide an online self-service reinstatement and dissolution service that eliminates the need for multiple filing forms, multiple fees and, in the case of corporations, applications … Continued
Federal Tax Lien Scam
The latest scam to target business owners claims that a warrant has been issued to a taxpayer because of unpaid tax obligations. As with previous scam efforts, the letter goes on to warn that the warrant could result in arrests or other criminal action if the taxpayer doesn’t pay immediately. In some cases, the fake … Continued
UPDATE! Disregarded Entities Owned by Foreign Person or Entity
New Reporting Requirements-For Year 2017 Shared by Stephano Slack LLC A new U.S. regulation requires U.S. Disregarded Entities (DEs) to file an additional information return for taxable years beginning on or after January 1, 2017. Under the U.S. tax Regulations known as the “check-the-box rules”, a U.S. limited liability company (LLC) with a single member … Continued
Last minute tax tips for small business owners
Tax time can be stressful for small business owners juggling multiple responsibilities, especially with the April 15 deadline looming. With just a couple of weeks to go, there’s still time to get your taxes done.