As a self-employed business owner, you may occasionally be taking help from your children in your business. On many occasions, it may be part-time work. There are many tax benefits of employing your children in the business. Below is a quick summary : From a business perspective : The wages that are paid to yourRead more about Here’s why it is tax smart to hire your children in business…[…]
Is an LLC a corporation? What is the difference? LLC is a limited liability company. Corporation can be either a C Corporation or a Sub-chapter S Corporation. Both LLCs and Corporations are legal entity structures. They provide limited liability protection and protect the owners/shareholders from being personally liable to business debts. The main differences betweenRead more about Is an LLC a corporation? What is the difference?[…]
Which is the best tax business entity structure for your eCommerce business? With the new changes in the tax law, there are many options available for eCommerce business. It may be quite confusing trying to understand the advantages and disadvantages of various forms of tax business structures. Below are the most common tax businessRead more about Which is the best tax business entity structure for your eCommerce business?[…]
How to form an LLC in Texas? Below are list of steps to form an LLC in Texas. Name availability of your LLC: As per State of Texas Laws, the LLC must contain the words “LLC”, “Limited Liability Company” or “Limited company”. They may be abbreviated as “LTD”. We highly recommend that you pickRead more about How to form an LLC in texas ?[…]
Advantages of filing taxes online Advantages of filing taxes online There are many advantages of filing your taxes online. Greater accuracy : One of the biggest advantages of filing your taxes online is greater accuracy. Most of the software used currently by tax professionals are advanced, allowing them to focus more on finding those taxRead more about Advantages of filing taxes online[…]
