No longer limited to the sale of physical goods, many states now impose a sales tax on many, if not all services I’ve gotten quite a few emails recently from ebusiness owners who seem to think that just because their business is conducted online or from the comfort of home that the rules and regulations [...]
“Tax Exempt” defined Net profits of an organization free from federal and/or state income tax. Nonprofit organizations may be established by proper incorporation procedures; however they do not become automatically exempt from state taxes. In order to become completely free of income tax a nonprofit entity must receive Internal Revenue Service approval. Different categories of [...]
A simple way your family can reduce your tax burden That’s right those lazy good for nuthins can actually help your small business. It’s all in the paperwork. Reduce taxes by giving your children money for school Children older than seven but under eighteen are exempt from Social Security and Unemployment Taxes on all income they [...]
