RSS CorpNet

  • The Advantages and Disadvantages of a Subchapter S Corporation
    Before the advent of the S Corporation in 1958, entrepreneurs had two options for forming a business entity. They could form a partnership or form a C Corporation. But neither of those business structures fulfilled the needs of many people seeking to start their own businesses. To help encourage small businesses in America, Congress [...] […]
  • 5 Things to Know About the 2020 S Corporation Election Deadline
    The New Year (a.k.a. 2020) is moving along swiftly. Martin Luther King, Jr. Day has passed, the Grammy’s have come and gone, and many a person has already given up on their well-intended New Year’s resolutions. Fortunately, if requesting S Corporation tax treatment for your business in 2020 is on your list of resolutions, [...] […]
  • How to Start a Vending Machine Business
    The vending machine industry is one that has evolved and steadily grown since 2012. As consumers' lives get busier and people seek convenience and time-saving options while on the go, vending machine operators have many opportunities. Have you been thinking about how to start a vending machine business? In this article, we'll talk about: [...] […]
  • Does Your Business Need a Sales Tax License?
    Does your business need to collect sales tax and remit it to the state or local tax authority? And if it does, how do you go about getting a sales tax license? Moreover, what if your business is selling your products across state lines? Do you need to charge and remit sales tax in [...] […]
  • 16 Considerations When Choosing a Business Filings and Compliance Provider
    Entrepreneurs cannot succeed in business completely on their own. Yes, they leverage their talent, expertise, and skills. But they also recognize when to delegate tasks and responsibilities to others with the knowledge and proficiencies they lack. For example, not very many business owners know all the ins and outs involved preparing and submitting the [...] […]
  • What California’s AB 5 Means for the Gig Economy
    In 2020, the hot topic is California’s Assembly Bill 5, often called the “Gig Economy Bill.” This is because AB 5 makes it difficult to be an independent contractor in California. Before we examine AB 5 in detail, let’s understand why California legislators passed the bill in their own words: THE PEOPLE OF THE [...] […]
  • Tax Savings Features of Corporations, S Corps and LLCs Under TCJA
    The Tax Cuts and Jobs Act (TCJA), made tax law changes that affected every business. Deductions, depreciation, tax credits, and corporate tax rates will make filing taxes different for you and your clients this year. Generally speaking, most of your business clients will do well under the TCJA, but there are a few tax [...] […]
  • Remaining Independent Under California’s New AB5 Law
    Whether you work as an independent contractor or your business hires independent contractors, California’s new AB5 law, which went into effect January 1, 2020, forces your hand on becoming an employer or an employee depending on how you conduct your business. The Existing Employee vs. Contractor Designation Up to now, you’ve probably made sure [...] […]
  • Help Your Clients Decide if it’s Time to Incorporate or Form an LLC
    Among all the decisions and actions a small business may need to take, one of the more important is deciding whether to incorporate or form an LLC. January is the most logical start date for a new LLC or corporation since it eases the paperwork burden. Your clients can start fresh in the new [...] […]
  • Can You Change an LLC Name?
    The decision to change an LLC name is one not to consider lightly. After all, your business name is one of your most important brand assets. But sometimes, a name change is in order for one of many reasons. Perhaps there was a mistake in your formation paperwork, so you need to correct the [...] […]

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