Pennsylvania Soda Tax
Posted by Sandy Roberts on 2/22/2017 to
Federal and State Taxes
Pennsylvania Soda Tax
Philadelphia Soda Tax Cut Beverage Sales by 30 to 50 Percent
IncSmart Pennsylvania (Small Business and Startups) - Philadelphia supermarkets and beverage distributor companies say they're readying for layoffs because of the city's new soda tax. These companies have seen beverage sales cut by 30 to 50 percent The city did not expect the sales would drop so abruptly. The supermarkets expects to cut hundreds of jobs. The city blames the markets and distributors to be engaging in fearmongering.
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Education IRA from District of Columbia
Posted by Pat Turner on 2/21/2017 to
Federal and State Taxes
Education IRA from District of Columbia
Higher Education Expenses
IncSmart Washington DC (Small Business and Startups) - An education IRA is a trust or custodial account created or organized in the United States only for the purpose of paying the qualified higher education expenses of the designated beneficiary of the account. When the account is established, the designated beneficiary must be a child under age 18. To be treated as an education IRA, the account must be designated as an education IRA when it is created.
West Virginia Carbon Tax
Posted by Pat Turner on 2/9/2017 to
Federal and State Taxes
West Virginia Carbon Tax
Responsible Climate Change Taxes
IncSmart West Virginia (Small Business and Startups) - Climate Change is a real threat. The warming of the earth needs to be addressed. The question becomes, who better to invest in Climate Change than the American people. Letting the Government and the EPA make decisions on this challenge, has increased the decline of the West Virginia energy industry. Several analyst suggest letting the industry itself and the free market make the changes necessary to combat Climate Change. Creating a Carbon Tax is the most effective way in winning the war with the changing climate. This will free the energy industry to find a ways to reduce greenhouse gas emissions.
Washington Loses Tax Revenue
Posted by David Oliver on 8/20/2015 to
Federal and State Taxes
Washington Loses Tax Revenue
Microsoft Using Puerto Rico to save Billions in Taxes
IncSmart Washington (Small Business and Startups) - After the Senate investigation into Microsoft's taxes, they discovered how Puerto Rico allowed US companies to legally withhold paying taxes. They found Microsoft had shifted 47 percent of its American revenues to Puerto Rico in the form of payments for imported products. They moved profits from sales on the mainland through Puerto Rico subsidiaries. The Puerto Rican subsidiary are not subject to ordinary federal taxes. These subsidiaries are set up in Puerto Rico to pay minimal taxes. Puerto Rican subsidiary's are taxed at a rate of 1 percent. These structures were not designed to satisfy any specific manufacturing and business needs, but only to avoid paying American taxes.
Nevada Subchapter S Election
Posted by David Oliver on 2/24/2013 to
Federal and State Taxes
Nevada Subchapter S Election
How the Subchapter S Corporation Will Work For You
IncSmart Nevada (Small Business and Startups) - IncSmart Nevada (Small Business and Startups) - In a Nevada Subchapter S Corporation, taxable income will be allocated proportionately among the shareholders. A C corporation would be subject to corporate tax rates ranging as high as 39%. After tax corporate income, when distributed as income to shareholders, would be taxed a second time on the individual's income tax returns. The double taxation of corporation can be eliminated and reduced with a Subchapter S Corporation. A Subchapter S Corporation income is taxed to the shareholders, and keeps the benefits of a LLC.
Delaware Employees
Posted by Pat Turner on 10/25/2012 to
Federal and State Taxes
Delaware Employees
Contributing to your U.S. Social Security Coverage
IncSmart Delaware (Small Business and Startups) - If you work as an employee in the United States, you must pay social security and Medicare taxes in most cases. Your payments of these taxes contribute to your coverage under the U.S. social security system. Your employer deducts these taxes from each wage payment. Your employer must deduct these taxes even if you do not expect to qualify for social security or Medicare benefits. Whenever an employer pays a salary or wages to an employee, the employer and the employee both must pay Social Security tax (FICA).
Montana Plates Tags
Posted by Sandy Roberts on 7/19/2012 to
Federal and State Taxes
Montana Plates Tags
Saving Taxes on RVs and Motor Homes
IncSmart Montana (Small Business and Startups) - A Montana LLC is considered a Montana resident, and like any other resident in Montana, won't pay a sales tax on any purchases. Montana is very popular when purchasing RVs and Motor Homes. You can save thousands of dollars in taxes. Montana also make is very easy to order your tags and plates from out of state.
Florida Annual Maintenance Fees
Posted by David Oliver on 4/1/2012 to
Federal and State Taxes
Florida Annual Maintenance Fees
Reports, Licenses, Taxes, Franchise Fees, Renewals
IncSmart Florida (Small Business and Startups) - Florida Annual Reports for Corporation and LLCs are due every year by May 1st. Notices are sent to the email address given to Florida Secretary of State. Any email may be used, from your accountant to your Florida Registered Agent. To do business in Florida, you must maintain your maintenance fee. It may be a report, business license, state taxes, franchise fees, or annual renewal. Florida Corporation reports are $150 a year. Florida LLC reports are $139 a year. Late fees are $400.
