Creating an LLC

Creating a Limited Liability Company

 

Do you want to put a business idea into practice and set up a Limited Liability Company? You may already have basic knowledge on LLCs, but do you know the process of starting one, how much it costs, and how long it will take? We list the steps to take and provide with a checklist...

 

Types of taxes in the US: an overview

Types of taxes in the United States

 

Keeping track of taxes in the US isn’t exactly a piece of cake. There are so many types of taxes that it’s difficult to know which ones apply to you and your business. If you don’t file your taxes correctly with the IRS, it could result in penalties, which could cost your...

 

CRM tools: customer care made easy

CRM tools: software for customer care

 

Customer care is one of the corner stones of a successful company – whether you are running an online store or offering bank accounts. Even smaller companies can benefit from the use of CRM tools, which help to organize customer- or buyer data. These software systems automate and...

 

Business plan creation

Writing a business plan: here’s how to plan your venture

 

Before a business idea can be implemented, it is necessary to create a business plan. This serves as the founder’s roadmap, and summarizes all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential...

 

What is a small business?

Small businesses, explained

 

According to the US Small Business Association (SBA), a small business is a privately-owned and operated business with a small scale of trade and a small number of employees, depending on the industry. A small business can be an LLC, partnership, or sole proprietorship. There are...

 

What is sales tax? The basics explained

Everyone has to deal with sales tax in some form or other. Sales tax is one of the most important sources of income for the government. But what is sales tax exactly? And who actually has to pay it? Which tax rate applies to which products? How do you calculate sales tax? The most important information on sales tax at a glance.

Reverse charge – the shift in tax liability easily explained + example

Many US-based entrepreneurs are still puzzled by the reverse charge. The procedure is all about transferring tax liability from the service providers to respective beneficiaries. In other words, the latter must settle the payment of taxes with the tax office. This is said to have saved time and prevented frauds in the past. What must be considered, and who is directly involved? Read on for an...

The basics of income tax – an overview

Income tax is an important topic for everyone – both for private individuals and for entrepreneurs. But who actually has to pay income tax on what income? How high are the tax rates, and what else does the amount of tax depend on? This article will look at why income tax is charged, and when you may be eligible for exemptions and deductions.

What are advance taxes?

Advanced tax payments need to be estimated and paid four times a year. But who needs to make these payment and who is exempt? How do you estimate how much you have to pay? The answer to these questions can be found in this accountancy article - make sure you don’t land in hot water with the IRS.

Types of taxes in the United States

Keeping track of taxes in the US isn’t exactly a piece of cake. There are so many types of taxes that it’s difficult to know which ones apply to you and your business. If you don’t file your taxes correctly with the IRS, it could result in penalties, which could cost your business a lot of money. This article explains the main types of taxes so that business owners can inform themselves to see...

An introduction to employer ID numbers

Starting a new business comes with a great deal of new responsibilities and paperwork – wising up on the relevant administrative requirements for your business is a good way to avoid issues in the future. This is certainly the case for declaring tax – and to collect tax for your company you will need to register for an employer identification number (EIN), otherwise known as a sales tax number, or...

Corporate income tax: the basics at a glance

Corporate income tax is not as well-known as regular income tax although the two are very similar. While income tax is payable by private individuals and others, corporate income tax just relates to the taxable income of corporations and other entities. In this guide, we will answer the following questions about corporation tax: How is it calculated? How high is it? Who has to pay it, and who...

Creating goods receipts with delivery note templates

A goods receipt is a useful document for both the supplying company as well as the recipient and should therefore be sent out with all deliveries, especially large ones. Even though it isn’t required by law, it’s standard practice in sales. Once you’ve found the right template, you can create a delivery note in minutes.

Quotation templates: how practical samples work

With a professional template, you can increase your chances of turning the interested party into a customer. In order to achieve this, the quote should correspond to the recipient’s needs as well as have a professional structure, layout, and content. Quotation templates for Word and Excel offer the perfect support.

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