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Showing posts from December, 2018

Few Effective Payroll Tax Tips for Small Businesses

If you own or manage a small business, you would have likely dealt with payroll taxes. Employers are required to make federal payroll tax payments to the IRS. They are accountable for filing the proper forms on time.  Payroll tax rules and regulations can be complex. The consequences for noncompliance are often severe. Past due payroll taxes can cause serious problems resulting employers to lose their business, or even their freedom.      Here mentioned are a few tips to keep your business on the right side of the law and the IRS:- You must file and pay your payroll taxes on time - Though this may seem like an obvious suggestion, it is extremely important. Small businesses are an easy target for increased tax compliance enforcement. If you owe payroll taxes or are behind on payments, you must take immediate action to remedy the situation. You should avoid tax penalties and pay them promptly - There are three types of payroll penalties that you can be slapped with

How to Simplify Your Sales Tax?

States and countries have been involved in a push to collect sales tax in Mesa from online sellers that are not present in their state.  Tips To Keep Your Sales Tax Simple Several states place the burden of paying sales tax on the consumer. Still, it is always worth checking for specific rules as many states are trying to change things so that they can collect tax from internet sellers. It is important to avoid establishing nexus (a legal physical presence) in too many states. If you sell at trade shows, it is better to try to pick shows in your own state, in states which have "peddler's licenses" for out-of-state vendors. You may also sell in states which require you to register for sales tax in Arizona anyway. This also protects you from having to file blank returns several times a year. Some states might place restrictions on the number of trade shows you can do a year, before they consider you to have nexus. You must use e-commerce tools that calcu