1. Money
Send to a Friend via Email

Your suggestion is on its way!

An email with a link to:

http://biztaxlaw.about.com/popular.htm

was emailed to:

Thanks for sharing About.com with others!

US Business Law / Taxes: Most Popular Articles

These articles are the most popular over the last month.
What is the Annual Social Security Maximum?
Describes the Social Security tax for employees and employers, including the annual maximum social security tax and how the maximum social security tax is determined.
Disregarded Entity
Definition of a disregarded entity as a business entity which elects not to be separate from its owner for tax purposes.
Before You Shake Hands with Your First New Hire...
This article lists the forms you must have a new employee complete, including the W-4 form, state income tax withholding form, I-9 form, and a job application form.
How Depreciation Affects Business Taxes
What is depreciation, how is depreciation calculated, and how depreciation affects business taxes. Includes bonus depreciation and Section 179 deductions.
What Kind of Partnership Do You Want?
Partnership Types: Limited Partnership, Limited Liability Partnership, General Partnership and Limited Liability Company
What's the Corporate Tax Rate in America?
A chart showing the corporate tax rates - the federal income tax rate charged to corporations, based on level of income reported on corporate income tax Form 1120.
What Happens If I Don't Pay Employees?
Attorney Michael Helfand discusses the legal obligation of employers to pay employees, and what happens if employees are not paid.
How is Gross Pay Calculated?
Gross Pay. US Business Law / Taxes.
How to Calculate Cost of Goods Sold
This article takes you through the process of determining cost of goods sold for your business tax return.
Should Your Employees Be Salaried or Hourly?
Salary vs. Hourly pay for employees. How to calculate salary and hourly rates. Overtime exemption.
What business type is best for my company?
Discusses different types of business entities and which is best for different kinds of businesses
Section 197 Intangible
Section 197 Intangible Asset. US Business Law / Taxes.
What is the Principal of Your Loan?
Principal on a loan. US Business Law / Taxes.
What Is Litigation?
Litigation definition. US Business Law / Taxes.
What Does an Indemnity Agreement Look Like?
Indemnity agreements - what they are, how they work, where are they found in contracts and insurance contexts.
How is Tax Nexus Determined?
Describes the term. US Business Law / Taxes.
Fiduciary - Fiduciary Responsibility
A fiduciary responsibility and the person who is a fiduciary
Own a Business? Here's How to Pay Yourself
How business owners are paid. Business owners don't take a salary but are paid from profits. How corporation business owners are paid.
What's a Capital Contribution? How Does a...
A capital contribution is the amount a business owner makes to the business. The capital contribution is the owner's equity in the business.
Viability (of a Business)
Viability of a business. US Business Law / Taxes.
Tax Filing Deadlines for Businesses
Here is a list of the federal income tax return due dates for sole proprietorships, LLCs, partnerships, corporations and s corporations.
What Is a business budget?
Creating a budget for your business works the same way as a personal budget.
How to Calculate Gross Pay for All of Your...
How to calculate gross pay for hourly and salaried employees, including overtime calculation.
What Makes a Good Contract or Agreement?
What you need to know about business contracts and agreements, including the difference between a contract and an agreement, how to read a contract, which types of contracts must be in writing, essential elements of a contract, and what makes a contract valid.
What's the difference between tax avoidance and...
The difference between tax evasion and tax avoidance
What You Need to Know About Per Diem Rates
Defines per diem rates for business travel, how per diem rates are determined, how the General Services Administration sets per diem rates.
Form I-9 for employment verification -...
I-9 Form - I-9 Immigration Form. US Business Law / Taxes.
Why You Shouldn't Pay Employees in Cash
Paying employees and independent contractors in cash doesn't mean evading payroll taxes. Some issues to consider for paying in cash, and how the IRS looks at cash payments.
How to Pay State Sales Taxes in 8 Steps
How to collect state sales taxes from customers, file state sales tax returns, and pay sales taxes you have collected
2 Ways Owners Equity Can Be Expressed
Definition of owners equity. US Business Law / Taxes.
When Does the Fiscal Year End?
How to determine the date for your company's fiscal year end.
4 Things Explained by Cost of Goods Sold
Cost of Goods Sold. US Business Law / Taxes.
How (and Why) to Use a Purchase Order
Defines a purchase order and describes the parts of this order.
Travel for Business? Don't Forget This Deduction.
Here is a brief overview of how to calculate mileage expense for business.
LLC Member Capital Contributions
About LLC member capital contributions, including requirements for initial contributions, how the operating agreement works with member contributions, how contributions are disbursed, and member loans vs. contributions.
3 Ways to Identify Yourself to the IRS
Difference between a tax ID number, EIN, and ITIN
What Business Owners Should Know About...
Discussion of how charitable contributions are deducted by businesses.
How to Apply for an Employer Identification...
Here are the steps for completing the Form SS-4 to get a Tax ID Number for a new business.
3 Definitions of Business Capital
Capital definition. US Business Law / Taxes.
Should My LLC be Member-Managed or Manager-mana...
Discussion of pros and cons of having a member-managed LLC or a manager-managed LLC.
What is the Difference Between Depreciation and...
This article explains the difference between depreciation and amortization.
Do You Know How to Use This Inventory Costing...
FIFO is a method of costing inventory for accounting purposes. Learn more about what FIFO stands for.
The Difference Between Capital and Operating...
Capital expenses US Business Law / Taxes.
Taking the Mystery out of Depreciation...
Shows methods for calculating depreciation
LLC or Corporation: What's the Right Choice?
Should you choose an LLC or corporation for your business? A discussion of features of limited liability company (LLC) and corporation - differences and similarities.
9 Resources for Hiring Independent Contractors
If you are considering hiring an independent contractor, here are some tax considerations and employment agreements you should should know about.
Thinking About Employee Bonuses? Read This First.
Business gifts have tax implications. For example, gifts to employees may be taxable to the employee and may be deductible to the business. Gifts to customers and business partners and associates may also be taxable, and you may not be able to take a tax deduction. And what about gifts to charities? Are those deductible to the business?
The Simple Way to Calculate FICA Tax Deductions
How to calculate the deduction for FICA taxes from employee paychecks.
4 Types of Pay Periods Defined
Pay Period. US Business Law / Taxes.
Are Meals and Entertainment Really a Business...
Meals and Entertainment Expenses
How To Register a Foreign Limited Liability...
How to register a foreign limited liability company in another state
What is an Affiliate in the Business World?
The term affiliate has two general definitions in business contexts - in corporate law and taxes, and in online retailing.
Want to Get Paid? You'll Need One of These.
Describes an invoice. US Business Law / Taxes.
What Does the Term 'Employee' Mean, Anyway?
Describes an employee. US Business Law / Taxes.
Petty Cash - Why It's Important to Your Business
Petty cash - what is it? Why is petty cash important to your financial system? How petty cash affects taxes. How to set up a petty cash system.
Want to Deduct Your Business Mileage? You'll...
IRS Standard Mileage Rates for each year from 2009 to the current year.
Understanding Taxes and Liability as a...
A tax attorney's discussion of tax and liability issues for a disregarded entity.
2 Reasons to Call Your Company a Disregarded...
Describes what business types are considered disregarded entities.
Who Must Be Paid Overtime and When - Federal...
Overtime/Overtime Pay. US Business Law / Taxes.
What is the Capital Gains Tax Rate?
Capital Gains Tax Rate. US Business Law / Taxes.
Why Not All LLCs Pay Taxes the Same Way
Describes how a single-member limited liability company or multiple-member limited liability pays income tax.
Business Basics: Understanding Breach of Contract
Breach of contract is an important provision in business lawsuits. Breach of contract is defined, how a breach of contract comes about, defenses against breach of contract, and remedies if breach of contract has been determined by the court.
Important Tax Info for LLCs
Lists all the taxes a limited liability company pays including income taxes, self-employment taxes and employment (payroll) taxes, sales and excise taxes, and property taxes.
2 Types of Business Leases Compared
Choosing capital leases vs. operating leases for business equipment leases: capital leases for long-term and operating leases for short term, with other important differences.
Want a Business Loan? First, Check the 4 C's of...
Describes the four C's of credit - character - capacity - collateral - capital
What Does it Mean to Be Self-Employed?
Self employed, Self-employment. US Business Law / Taxes.
4 Things to Know About the W-4 Tax Form
Form W-4 -- Employee's Withholding Allowance Certificate
Is It Smart to Loan Your Business Money?
Describes the two ways you can give money to your business - loans or investments
The Special Tax Only Some Businesses Pay
Excise Tax. US Business Law / Taxes.
Where Do I Find Forms for New Hires?
Where to get new hire forms - W-4 form, state withholding form, I-9, job application. How to sign up for E-verify and state employment registration. Finally, where to find new hire forms.
How Do I Notify Federal, State, Local Agencies...
How to notify federal, state, local agencies about your business address change.
Sole Proprietor? Or Independent Contractor?...
Difference between a sole proprietor and an independent contractor. They are essentially the same: A sole proprietor files income taxes on Schedule C. An independent contractor receives income on a Form 1099-MISC. Income from a 1099 can be included in a Schedule C.
How to Calculate Withholding Amounts for...
How to calculate federal income tax (FIT) withholding from employee paychecks.
What Does a Notary Public Do?
: A notary public (pl., notaries public) is a public official who is given the authority to acknowledge
Need Info on Taxes in Your State? Start Here.
Find information on taxes in your state by using this listing of state departments of revenue
Employer's Guide to Payroll Tax Deposits
Discusses when to make payroll tax deposits.
What Can I Do About Nonpayment for My Services...
How to deal with non-payment by employer and make sure you get paid for your services, either as an employee or as an independent contractor. You will need proofs, or a contract. Sometimes you will have to take the party to court to get paid.
How to Have Your LLC Taxed as a Corporation
How to file an entity election for an LLC on Form 8832.
What's the Right Way to Report Employee Income?
Explains the difference between using a W-2 to report income to employees and a 1099-MISC to report income to independent contractors.
How to Create a Sources and Uses of Funds...
Describes how to prepare a simple sources and uses of funds statement
Form 941 for Payroll Taxes - Due Dates -...
Form 941 is the quarterly tax return for payroll taxes. Due dates, how to complete, and current changes.
Running a Corporation? You'll Need This.
Schedule K-1 is used to show income/loss for individual partners in a partnership or (different form) individual shareholders in an s corporation. A partnership schedule K-1 shows the partner share of income/loss from a partnership. An S corporation K-1 shows individual shareholder income/loss.
Joint Venture
Learn the definition of a joint venture.
How Sole Proprietors Pay Themselves
How a sole proprietor gets paid, by taking a draw from the business checking account. How taxes are paid on the sole proprietor's income.
The Employer's Guide to FICA Taxes
FICA taxes explained. US Business Law / Taxes.
Why Do I Need a Personal Guarantee for a...
Attorney Susan Dawson answers the question:
Commuting Expenses - What's Deductible - What's...
Defines commuting expenses and describes what car/truck expenses a business owner can deduct for commuting and which cannot be deducted.
Garage Sales, Yard Sales - Tax Issues, Licenses...
Garage sales must pay taxes too: sales taxes, income taxes. Garage sales and yard sales must also comply with local regulations for business licenses and permits.
Sole Proprietorship? Here's How to Complete...
Instructions on how to complete Schedule C for a Sole Proprietorship or Single-member LLC - for Form 1040.
Is Arbitration Better than Litigation?
Describes the arbitration process vs. the litigation process, with points of differences and similarities.
What is the 2014 Mileage Rate for Business Taxes?
The IRS has announced the 2014 mileage rates for taxes, for business travel, medical/moving, and volunteer travel.
How the Government Taxes Your Bitcoins
Bitcoin and other virtual currencies are considered as property by the IRS. This ruling affects taxes for business sales of assets and payments for employees and independent contractors.
How Often Should I Pay Employees?
How often you pay employees depends on state regulations, cost, type of employees. Descriptions of different pay frequencies discussed.
What Makes an LLC Different?
Limited Liability Company LLC. US Business Law / Taxes.
Not Everyone Who Works for You Is an Employee
The IRS sets requirements for categorizing workers as independent contractors or as employees. Here is a brief discussion of the distinctions.
10 Payment Types That Are Exempt from FICA Tax
Discusses which types of payments to employees are exempt from FICA (Social Security/Medicare) tax.
The Difference Between Real and Personal Property
Personal Property. US Business Law / Taxes.
Due Diligence
Due diligence is a process of evaluating details before making a business decision. Due diligence often involves a checklist and report of findings.
What Products and Services are Subject to Sales...
How to determine what products or services are subject to sales tax in your state.
What It Means to Hire Someone on a Retainer
Retainer defined, including legal retainers as an option for paying an attorney, and retainers for other professionals.
Incorporator
Description of the job of an incorporator in setting up a corporation.
3 Types of Business Partnerships Explained
A Partnership is a legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners.
Cash Flow
Cash Flow. US Business Law / Taxes.
How Do I Remove a Board Member?
Some ways to remove a board member or director.
Business Car Leasing vs. Buying - Which is Best?
Car Leasing vs. Buying. US Business Law / Taxes.
Non-Compete, Non-Disclosure, and Non-Solicitati...
Explains the differences between a non-compete agreement, a non-disclosure agreement, and a non-solicitation agreement.
How Do I Calculate Estimated Taxes for My...
Ways to calculate estimated taxes for a self-employed business owner filing business taxes using Schedule C.
No, Not All Property Is 'Real'
Real Property. US Business Law / Taxes.
What are the Advantages/Disadvantages of...
This article describes the advantages and disadvantages of hiring a worker as an employee or an independent contractor.
Domestic Limited Liability Company (LLC) or...
Domestic Limited Liability Company Domestic Corporation
All about DUNS Numbers
DUNS Number. US Business Law / Taxes.
Confused about business types? Get Started with...
Guide to types of business, including factors in selecting business types, taxes, liability, and special circumstances for selecting business types.
How to Keep Employees from Working for the...
Non-solicitation agreement. US Business Law / Taxes.
4 Responsibilities of a Corporate Board of...
Describes the duties of a Board of Directors for a Corporation including board fiduciary responsibility
The Business Owner's Guide to Payroll
Payroll definition. US Business Law / Taxes.
What Should be Included in a Partnership...
Partnership agreement terms. US Business Law / Taxes.
Becoming an Independent Contractor - The Why...
What you need to start a business as an independent contractor, including choosing a business type and business checking account, getting an EIN.
Understanding the Member Role in an LLC
Member of a Limited Liability Company
Who Should Own a Business Car - Business Or...
Who should own a car for business use - the company or the employee? Factors to consider in decision to put car in company name or employee name.
What is an Independent Contractor?
Independent Contractor. US Business Law / Taxes.
The Business Owner's Guide to Sales Tax
Paying Sales Tax to State. US Business Law / Taxes.
Safe Harbor 401(k) Plans
Safe Harbor 401(k) Plans. US Business Law / Taxes.
Why Should I Create an Independent Contracting...
Working for yourself means you are self-employed, as a contractor or independent contractor. Here is why you should set up a business entity.
Filing Corporate Taxes? Here's How to Use Form...
This article provides a general outline of the information required on Form 1120 - U.S. Corporation Income Tax Return, including schedules.
Understanding Tax Differences Between an LLC...
Both the s corporation and the limited liability company have benefits and drawbacks, depending on your business and the state(s) it is in.
Can I Enter into a Contract with a Minor?
Discussion of the issues related to entering into a contract with a minor. A minor can disaffirm or void a contract, leaving the other party in a difficult situation.
What Is a 1099-MISC?
Describes a 1099-MISC form, how it is filed and how the recipient includes it in his or her income taxes.
What are the Tax Advantages and Disadvantages...
An LLC has some advantages, from a tax standpoint, but it also has some disadvantages. This article describes both the advantages and disadvantages of an LLC so you can get more information on which to base a decision. The taxes for an LLC are compared to the taxes paid by a corporation or by the owners of a corporation.
3 Tools for Calculating Paycheck Deductions
Employee paychecks start out as gross pay, but then you must deduct amounts for federal income tax, FICA tax, state and local tax, and other deductions.
When Your Business Needs a New Employer ID Number
When a new Employer ID Number (EIN) is required. Most business changes require a new Employer ID Number, including buying a business and changing business type.
What Employers Should Know About the W-3 Form
Describes the W-3 form. US Business Law / Taxes.
Embezzlement
Embezzlement. US Business Law / Taxes.
How to Deposit Payroll Taxes Electronically
As a business owner, you have several ways to pay your employment taxes. Here are your options.
Should I Elect to Have My LLC Taxed as a...
A limited liability is taxed as either a partnership (if it has multiple members) or a sole proprietorship (if it has one member). But an LLC can elect to be taxed as a corporation. Read this discussion of the advantages and disadvantages of having your LLC taxed as a corporation.
Why Does My Small Business Need a CPA? How Can...
Why does my business need a CPA? Isn't an accountant just as good and cheaper to hire than a CPA? While it's true that accountants don't charge as much for their time, a CPA can provide more high-level analytical services such as tax planning and a CPA can represent you before the IRS, while an
What is the Difference Between Full Time and...
Discussion of the difference between a full time or part time employee.
Capital Improvements - Capital Expenditures
Capital improvements, Capital Expenditures
Tax Evasion
Tax Evasion. US Business Law / Taxes.
An Entrepreneur's Guide to Partnership Income...
How a partnership pays income tax.
Want to Start a Business? Do These 8 Things.
First steps to starting any business: Begin with a business name, then a location, then go on to registering, financial, legal and marketing tasks.
The Employer's Guide to Dealing with Payroll Tax
All about payroll taxes: What are they? How are they calculated? How are they paid? What are payroll tax reports? When do you file payroll tax reports? How do you file payroll tax reports?
Why Do I Need a Business Budget?
Why prepare a business budget for your startup. Purposes of a business budget.
Pros and Cons of 5 Different Business Structures
If you are having trouble figuring out the different types of businesses organization, this explanation of the difference between LLCs, sole proprietorships, and corporations will help. Types of business organization are compared, to help you make the right decision about which type of business to choose. Taxes for different business types are also explained.
Booth in Farmers Market or Flea Market - Tax...
Owners of booths in farmers markets and flea markets must pay taxes too: sales taxes, income taxes, self-employment taxes, employment taxes, at a minimum.
This Helps You Prioritize Company Bills
Accounts Receivable Aging. US Business Law / Taxes.
How to Get Financing For Your Startup Business
How to Get Financing to start your business.
Filing an Extension Application for Corporate,...
This article describes Form 7004 application for automatic extension of time To file certain business income tax returns.
How is Depreciation Shown on the Financial...
Discussion of how depreciation is displayed on the balance sheet and income statement of a company
How to Prepare Your Schedule C Correctly
Describes IRS Schedule C Profit or Loss from Business of IRS Form 1040
Statutory Employee
Statutory employee. US Business Law / Taxes.
You can opt-out at any time. Please refer to our privacy policy for contact information.

©2014 About.com. All rights reserved.