Taxes, Fees & Costs Associated with Businesses and Entrepreneurship

When starting your own business or expanding an existing company, it’s important to be aware of all the costs involved, both implicit and explicit. This can be a very frustrating and confusing area for many small business owners, so we’ve created a special portal on Bright Hub’s Entrepreneurship Channel dedicated solely to Taxes, Fees & Costs. Various businesses may be subject to different kinds of taxes, depending on location, industry, and other factors. And, if you plan to hire employees, there are additional employee taxes that you must plan for. The costs don’t stop there, though. You may also be responsible for various license fees and operating expenses that can vary from state to state. In addition, you’ll need to budget for business insurance – even if you’re a sole proprietor, you’ll likely need to investigate some of these insurance types, especially if you plan to have a public office. Be sure to check out our other guides that detail the costs of starting and running your own business as well as expenses you may be responsible for when selling a business.

The Online Sales Tax: Legitimate or Boondoggle?

The Online Sales Tax: Legitimate or Boondoggle?

About half the states have joined a tax consortium in order to assess sales and use taxes on Internet and mail order purchases. Is there any real basis for such a move, or is this just another government boondoggle? Start reading to learn about the Main Street Fairness Act.
Learn When it’s Time to Buy Employee Theft Insurance

Learn When it’s Time to Buy Employee Theft Insurance

If you think your employees don’t steal—ever, you’re in for a reality check. Employee dishonesty is on the rise due to the disgruntled and typical thieves. How do you know when it’s time to investigate insurance for these types of theft and at what coverage amount? Jean Scheid offers some tips.
6 Essential Steps for Filing Your Business Taxes

6 Essential Steps for Filing Your Business Taxes

It’s quite easy to get in the habit of not recording financial records when you’re swept into the day-to-day running of your business, thus making the steps for filing business taxes messy. Completing all the essential steps for filling taxes makes tax time a dream instead of a nightmare.
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