Author: admin
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How Does The IRS Disaster Relief Work?
The Internal Revenue Service (IRS) provides tax-cum-tariff disaster relief to legal business practitioners and conditional tax-paying individuals against natural and financial disasters in the form of quarterly payrolls, waivers,…
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What is EIN? Quick Guide
Welcome to the world of EINs, where numbers open doors and make the tax world go round! If you’ve ever found yourself wondering, “What exactly is an EIN, and…
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Complete Guide to Starting a Business in Maryland
Welcome, aspiring entrepreneurs, to the land of opportunity and Old Bay seasoning—yes, it’s Maryland! If you’ve been dreaming of starting a business in this charming and diverse state, you’ve…
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5 things You Need to Know to File Tax as a Construction Worker
As an independent contractor, you should know whether or not you need to submit a Form 1099 while you file tax as a construction worker. This depends on your…
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6 Steps Before Opening a Restaurant
So, you’ve thought of opening a restaurant in your hometown, but you’re not sure where to start. Here are six necessary steps you need to check before opening your…
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What is Form W-2? Definition (everything you need to know)
In January of each year, all workers get their Wage and Tax Statements, Forms W-2, detailing all salary, wage, and other payments made through the payroll system over the…
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![How to File Taxes as a Business? [Complete Guide]](https://five.tax/wp-content/uploads/2023/03/pexels-photo-4049990.jpeg)
How to File Taxes as a Business? [Complete Guide]
To date, the Internal Revenue Service (IRS) estimates that there are approximately 25.5 million sole proprietorships in the United States. This is so, and here’s why: The formation of…
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What is Payroll & How to do it? Complete Guide 2023
Welcome to the ever-evolving world of payroll! As we venture into 2023, businesses face a plethora of changes and challenges, making it more important than ever to stay informed…
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Property tax help for low-income homeowners
Property Tax is the state-incurred direct tax. It can vary from the amount of property owned or inherited. It incurs regardless of the landlord’s payroll. Every taxpayer in the…
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![S Corp Payroll Guide [2022]](https://five.tax/wp-content/uploads/2023/03/shot-of-a-group-of-business-people-working-on-paperwork-and-tech-during-a-meeting.jpg)
S Corp Payroll Guide [2022]
For tax reasons, many businesses choose to be taxed as S Corporations rather than sole proprietorships because of the attractive tax benefits associated with doing so. However, you must…