As the new year approaches, it’s essential for businesses to take a look at the state of their finances to get an idea of what they will look like moving forward. Of course, understanding the tax rates for both state and federal is an important component of this evaluation. For those businesses here in Nevada, this article will walk you through the specifics of the tax rates related to the state to help give you an idea of what you can expect to pay in taxes in 2020.
One of the most important decisions you will ever make for your business is whether or not to incorporate. If you are thinking about incorporating your business as a limited-liability corporation (LLC), there are a few things you should know before making a commitment. LLCs are increasingly popular options for business owners and offer a wide range of benefits, but they also have a registration process and tax requirements which differ from traditional corporations. Nevada is one of the most popular states to register LLCs, but it has its own set of regulations you’ll have to learn if you want to incorporate within it. [Read more…]
Have you been struggling with how you do bookkeeping in your small business? Does it seem like you can never make a dent on the financial administrative side or that you can never get organized enough to make headway? This article is about getting your head in the game with your business in mind. [Read more…]