While not a substitute for tax advice from an expert, this guide is designed to help you understand the basics of 1099 reporting for independent contractors to remove the complexity and help you understand your obligations so everyone avoids IRS and state penalties.
If you are fiscally responsible for a calendar year S-Corporation (Form 1120S) or Partnership (Form 1065) and you filed a request for an extension, your six month extension is about to expire and your tax return must be filed by September 15th, 2022. Non filing fees and penalties are applied after this date so please … Continue reading Upcoming S-Corp and Partnerships Tax Deadline
For 2022, the amount increased to a maximum of $300 and will increase in $50 increments in future years based on inflation.
What is Jump Start Philly? – Business ServicesWhat is Jump Start Philly? – Business Services Photo by David McBee on Pexels.com Jump Start Philly is designed to attract new businesses and entrepreneurs that create jobs to Philadelphia by exempting them from paying the Net Profits Tax and the Business Income and Receipts Tax, formerly the … Continue reading Are you an emerging business owner in Philadelphia? Before you pay for your Commercial Business License, you may want to check out this resource:
Financial Freedom Press 