LLC-vs-Inc-limited liability company versus corporation

LLC-vs-Inc-limited liability company versus corporation

There are mainly three types of business entities in the United States. Mostly Startup owners consider it the same, but they are different. These are: 1. LLC stands for “Limited Liability Company” 2. Inc. or Corp Inc. stands for “Incorporation” and Corp as “corporation”, further divided into two types i. C-corp ii. S-corp New business owners often receive… Continue reading LLC-vs-Inc-limited liability company versus corporation

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New 2020 Tax Laws changes for small business

Tax Laws changes for small business

Trump’s new tax reform plan officially called the Tax Cut and Job Act (TCJA) included a series of changes that will affect the federal tax returns of 2018 for many small and medium-sized business owners. The new tax code gets underway new deductions and credits that will influence distinctively the tax commitment of every small organization. Also,… Continue reading New 2020 Tax Laws changes for small business

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Guide to File a Late Tax Return

Guide to File a Late Tax Return

When was the last time you filed your taxes? Don’t be afraid to file past-due tax returns in fear of the Internal Revenue Service knocking on your door. The trick is, no matter how late the return is, file your tax returns before the IRS has the chance to send you a notice. If you… Continue reading Guide to File a Late Tax Return

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Categorized as IRS, Taxation