Once your company is formalized, you are responsible for the timely payment of a variety of local, state and federal taxes, just as your employees are responsible for paying taxes on their income. Taxes vary depending on the market in which your business operates, the...
Apart from federal taxes, companies and individuals who hire domestic employees are liable for other taxes such as Federal Insurance Contributions Act (FICA), Federal Unemployment Tax Act (FUTA) and state or local taxes. Here are some of them FICA Taxes Federal...
Regardless of the type of product or service, small business owners must go through the same process to start a business. Steps such as creating a business plan or formalizing the company’s registration with government authorities should not be overlooked if you...
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