While there are different flavors of legal structures, choosing which one will best serve your needs is based on multiple factors, such as how much personal liability you want to have, taxes and business registration requirements. For example, a sole proprietorship is the easiest to file, but ...
or scroll down to our guide Why Start a nonprofit corporation in Oregon? In the state of Oregon, there are three types of nonprofit corporations. You may register as a mutual benefit corporation, public benefit corporation, or religious corporation, depending on the offerings you are providing ...
Taxes When You Work Out of State The tax rules affecting people who live and work in different states can vary significantly by state – learn how to handle them now. Kimberly LankfordMarch 13, 2025 What Is the U.S. National Debt?
Figuring out how much to pay your employees isn’t as straightforward as multiplying hourly wages by hours worked, especially in the restaurant industry. As an employer, you’re responsible for withholding taxes from your employees’ wages, which is where payroll gets tricky. Step 1: Determine h...
Where to Pay State Taxes?File a tax return by the tax deadline even if you can't pay your IRS taxes due and/or state taxes. If you do not owe state taxes, then you are not subject to late penalties if you miss the tax deadline. You can only e-file a state return in ...
Below are some of the most common taxes in Oregon: Income Taxes As is the case in many other states, your LLC will be liable to pay income tax at a state level in addition to its federal income tax obligations. The main types of state income tax you may need to pay in Oregon are:...
How to Find a Reputable Tax Preparer Locate an experienced tax preparer by asking around, establishing a relationship and avoiding common scams. Liz KnuevenApril 1, 2025 Do You Owe Taxes on Forgiven Debt? Learn when forgiven debt is considered taxable income and what you...
You don’t want your name to be misleading, either. Where are you registering your business? In what state should you register your business? If you plan to do business in several states, your choice may be based on taxes, state resources, or even personal preference. You can register ...
much money your small business will need to pay in taxes. Aside from your business structure, local, state, and federal laws may apply to your business. As taxpayers, understanding the factors that impact your small business’s taxes will help when it comes to filing your annual tax report....
To file your self-employment taxes, you must know your tax rate; to do that, you must know if you’ve had a net loss or profit. Take your income from the year (an excellent reason to keep your metal receipts or notes in an Excel sheet) and subtract your expenses (anything related ...