While Delaware cannot be considered an “offshore tax haven,” the state is still considered a tax haven for many. And as the state provides tax incentives for different legal entities, it is still not quite a haven for all of them. As a result, business...
Most business owners are familiar with the idea that the IRS has quarterly tax requirements, but we’re often asked about how much should be paid. Our answer is – it depends. Business owners are usually in different situations, and we have explained the three options...
As a general rule, businesses that pay an individual or another business over $600 a year in cash, check, or other transfer (excluding credit card payments) should issue a 1099. There is a penalty per 1099 that is not correctly and timely issued. In recent years, the...
