Posted inBasics
What the FUTA Tax Credit Reduction States Are & How It Works
The federal FUTA tax rate is 6% on the first $7,000 paid to each employee.…
Posted inBasics
2018 FUTA Tax Rate & Form 940 Instructions
The Federal Unemployment Tax Act (FUTA) requires employers to pay a tax of 6% on…
Posted inBasics
How to Choose Your LLC Tax Treatment
There are a number of factors to consider when deciding which entity type to choose…
Posted inBasics
What Your Responsibilities for LLC Taxes Are
The owners or members of the LLC are responsible for filing LLC tax returns and…
Posted inBasics
How to File LLC Tax Returns
There are four different ways to file tax returns for an LLC. LLCs treated as…
Posted inBasics
Small Business LLC Taxes & LLC Tax Returns [+ Free Checklist]
How LLC Taxes Work A limited liability company (LLC) tallies up its income and deductions…
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Section 179 Calculator: Calculate Your Tax Savings
Section 179 is a type of tax deduction that lets you deduct up to $1…
Posted inBasics
Xero Accounting Software & Alternatives
Xero is an affordable, user-friendly accounting software that is capable of managing all of your…
Posted inBasics
Manually Calculate Payroll Checks
For most small business owners, outsourcing payroll to a payroll software company like Gusto is going to be a…
Posted inBasics
How to Do Payroll Accounting: A Step-by-Step Guide
Here are five steps on how to do payroll accounting: 1. Set Up Your Company…