Recent Articles

Business License

A document issued by your local Commissioner of the Revenue allowing you to operate within the boundaries of that community. It triggers the revenue and personal property taxes associated with your small business operation.

Hobbies – Business Perspective and Tax Compliance

02/08/2014

Many people turn their hobbies into a business function.  Not so much to make a living or make big profits, but more to help offset the costs of the hobby.  Whenever you go to one of those community fairs, the vendors at the respective booths are [...]

What is an Audit?

03/07/2013

An audit is defined as a methodical examination.  Audits are grouped into two principal sets – financial and organizational compliance (usually related to licensure).  For the small business entrepreneur, it is almost unheard of for them to have [...]

The 1099 Subcontractor

01/26/2013

The Internal Revenue Service promulgates rules and regulations concerning the employment status of workers.  In general, workers are classed as W-2 employees and certain tests must be met to have the worker classed as a 1099 subcontractor.  All [...]

Local Revenue Tax – The Business License

12/04/2012

A business license is the tool used by local governments to monitor all businesses in their community.  It triggers at least two types of tax.  At a minimum a revenue and personal property tax is charged through this registration process. [...]